Question: can anyone help me on the 3rd part, the one i got wrong on please Bond J has a coupon rate of 3 percent. Bond
Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 9 percent. Both bonds have 18 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? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete and correct. Percentage change in price of Bond J Percentage change in price of Bond K -21.59% - 17.55 % What if rates suddenly fall by 2 percent instead? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Percentage change in price of Bond J 21.59 % % Percentage change in price of Bond K 23.33 %
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