Bond j has a coupon rate of 7 percent and bond k has a, Ask an Expert

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Bond J has a coupon rate of 7 percent and Bond K has a coupon rate of 13 percent. Both bonds have 15 years to maturity, make semiannual payments, and have a YTM of 10 percent. If 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 enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

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