value 1.00 points Problem 7-20 Interest Rate Risk [LO2] Bond J has a coupon rate of 7 percent and Bond K has a coupon rate of 13 percent. Both bonds have 16 years to maturity, make semiannual payments, and have a YTM of 10 percent f interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations and ente your answers as a percent rounded to 2 decimal places, e-g., 32.16.) Percentage change in price of Bond J Percentage change in price of Bond K 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-9. 32.16.) Percentage change in price of Bond J Percentage change in price of Bond k Hints Reterences Boox & Resources