What is the percentage price change of bond j bond


Bond J is a 4 percent coupon bond. Bond K is a 10 percent coupon bond. Both bonds have 7 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 Bond J Bond K If Interest rates fall by 2 percent, what is the percentage price change of Bond J Bond K Do not use Excel. Please show how to do with financial calculator.

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Financial Management: What is the percentage price change of bond j bond
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