Question: pls show ur work either in excel or written out. either one Problem :20 Interest Rate Risk (LO2] Bond J has a coupon rate of

pls show ur work either in excel or written out. either one
Problem :20 Interest Rate Risk (LO2] Bond J has a coupon rate of 5 percent and Bond K has a coupon rate of 11 percent. Both bonds have 19 years to maturity, make semiannual payments, and have a YTM of 8 percent. a. 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.) b. 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.) a. Bond J % a. Bond K % b. Bond J % b. Bond K %
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