Problem 7-17 Interest Rate Risk [LO2] Bond J is a 5 percent coupon bond. Bond K is a 11 percent coupon bond. Both bonds have 18 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 these bonds? (Negative amount should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16)) Percentage change in price of Bond J Percentage change in price of Bond K 21.33 % 14.49 % What if rates suddenly fall by 2 percent instead? (Round your answers to 2 decimal places. (e.g., 32.16)) Percentage change in price of Bond J Percentage change in price of Bond K Problem 7-17 Interest Rate Risk [LO2] Bond J is a 5 percent coupon bond. Bond K is a 11 percent coupon bond. Both bonds have 18 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 these bonds? (Negative amount should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16)) Percentage change in price of Bond J Percentage change in price of Bond K 21.33 % 14.49 % What if rates suddenly fall by 2 percent instead? (Round your answers to 2 decimal places. (e.g., 32.16)) Percentage change in price of Bond J Percentage change in price of Bond K