Bond j is a 3 percent coupon bond bond k is a 9 percent


Bond J is a 3 percent coupon bond. Bond K is a 9 percent coupon bond. Both bonds have 13 years to maturity, make semiannual payments, and have a YTM of 6 percent.

If interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds?

 

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Finance Basics: Bond j is a 3 percent coupon bond bond k is a 9 percent
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