Question: 10 points eBook References Problem 7-18 Interest Rate Risk (L02) Bond J is a 3.1% coupon bond. Bond K is a 9.1% coupon bond. Both

10 points eBook References Problem 7-18 Interest Rate Risk (L02) Bond J is a 3.1% coupon bond. Bond K is a 9.1% coupon bond. Both bonds have 15 years to maturity, make semiannual payments and have a YTM of 6.1%. (Do not round intermediate calculations. Negative answers should be indicated by a minus sign. Round the final answers to 2 decimal places.) If interest rates suddenly rise by 2%, what is the percentage price change of these bonds? Percentage change in price of Bond J 95 Percentage change in price of Bond K 9s I What if rates suddenly fall by 2% instead? Percentage change in price of Bond J 96 Percentage change in price of Bond K 95 [

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