Question: Please solve using EXCEL and show work 6. Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 9

Please solve using EXCEL and show work

6. Bond J has a coupon rate of 3 percent. Bond K has a coupon rate of 9 percent. Both bonds have 10 years to maturity, make semiannual payments, and have a YTM of 9 percent. a. If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond J ? b. If interest rates suddenly rise by 3 percent, what is the percentage price change of Bond K ? c. If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond J? d. If interest rates suddenly fall by 3 percent, what is the percentage price change of Bond K

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