Question: please show work by using financial calculator. Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 12 percent.

please show work by using financial calculator.

Bond J has a coupon rate of 5 percent. Bond K has a coupon rate of 12 percent. Both bonds have 10 years to maturity, make semiannual payments, and have a YTM of 8 percent. If interest rates suddenly rise by 2 percent, what is the percentage price change of Bond J ? 13.53%13.51%11.53%12.53% If interest rates suddenly rise by 2 percent, what is the percentage price change of Bond K ? 9.57%11.57%11.55%30.86% If interest rates suddenly fall by 2 percent, what is the percentage price change of Bond J ? 16.24%13.55%16.26%31.16% If interest rates suddenly fall by 2 percent, what is the percentage price change of Bond K ? 13.46% 13.60% 13.72% 11.59%

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