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If interest rates suddenly rise by 3 percent what is the


Bond J has a coupon rate of 4.3 percent. Bond S has a coupon rate of 14.3 percent. Both bonds have eleven years to maturity, make semiannual payments, a par value of $1,000, and have a YTM of 9.6 percent.

If interest rates suddenly rise by 3 percent, what is the percentage price change of these bonds?

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Financial Management: If interest rates suddenly rise by 3 percent what is the
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