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Bond J has a coupon rate of 5.1 percent. Bond K has a coupon rate of 15.1 percent. Both bonds have nine years to maturity, a par value of $1,000, and a YTM of 11.2 percent, and both make semiannual payments.
If interest rates suddenly rise by 3 percent, what is the percentage change in the price of these bonds? Do not round intermediate calculation. Negative amounts should be indicated by a minus sign. Round your answer to 2 decimal places
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Bond J has a coupon rate of 5.1 percent. Bond K has a coupon rate of 15.1 percent. Both bonds have n...
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