Question: Bonds K and L both have a face value of $ 1 , 0 0 0 and 1 5 years remaining until maturity. Their coupon
Bonds K and L both have a face value of $ and years remaining until maturity. Their coupon rates are and respectively,. If the prevailing market rate decreases from to compounded semiannually, calculate the price change of each bond: a In dollars. Round your answer to the nearest cent. Ks price rises by$ Ls price rises by$ b As a percentage of the initial price. Round your answer to two decimal places. Ks price rises by Ls price rises by
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