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Bond J is a 6.5 percent coupon bond. Bond S is a 12 percent coupon bond. Both bonds have 7 years to maturity, make semiannual payments, and have a...

Bond J is a 6.5 percent coupon bond. Bond S is a 12 percent coupon bond. Both bonds have 7 years to maturity, make semiannual payments, and have a YTM of 5.5 percent.

If interest rates suddenly rise by 4 percent, what is the percentage price change of these bonds?

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