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Business, 20.06.2020 17:57 maddieb1011

Bond J has a coupon rate of 5.9 percent. Bond K has a coupon rate of 15.9 percent. Both bonds have twelve years to maturity, a par value of $1,000, and a YTM of 12.8 percent, and both make semiannual payments. a. If interest rates suddenly rise by 3 percent, what is the percentage change in the price of these bonds

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