Bond j has a coupon rate of 4.8 percent. bond s has a coupon rate of 14.8 percent. both bonds have eleven years to maturity, make semiannual payments, a par value of $1,000, and have a ytm of 10.6 percent. 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

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Grade: Education Subject: business
Bond j has a coupon rate of 4.8 percent. bond s has a coupon rate of 14.8 percent. both bonds have eleven years to maturity, make semiannual payments, a par value of $1,000, and have a ytm of 10.6 percent. 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
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Bond j has a coupon rate of 4.8 percent. bond s has a coupon rate of 14.8 percent. both bonds have eleven years to maturity, make semiannual payments, a par value of $1,000, and have a ytm of 10.6 percent. if interest rates suddenly rise by 2 percent, what is the percentage price change of these bonds?