What is the percentage price change of these bonds

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Reference no: EM13127660

Bond J is a 4 percent coupon bond. Bond S is a 11 percent coupon bond. Both bonds have eight years to maturity, make semiannual payments, and have a YTM of 7 percent. If interest rates suddenly rise by 4 percent, what is the percentage price change of these bonds? What if rates suddenly fall by 4 percent instead?

Reference no: EM13127660

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