Question: Interest Rate Risk [ LO 2 ] Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 9 percent.
Interest Rate Risk LO Bond J has a coupon rate of percent. Bond K has a coupon rate of percent. Both bonds have years to maturity, make semiannual payments, and have a YTM of percent. If interest rates suddenly rise by percent, what is the percentage price change of these bonds? What if rates suddenly fall by percent instead? What does this problem tell you about the interest rate risk of lowercoupon bonds? Please answer in excel format. Thank you
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