Bond J has a coupon rate of 5.1 percent. Bond K has a coupon rate of 15.1 percent. Both bonds have nine years to maturity, a par value of $1,000, and a YTM of 11.2 percent, and both make semiannual payments.

If interest rates suddenly rise by 3 percent, what is the percentage change in the price of these bonds? Do not round intermediate calculation. Negative amounts should be indicated by a minus sign. Round your answer to 2 decimal places

Once the basic necessities have been achieved, future income is only lightly connected to well-being. democrats generally seek to tax future income to finance programs that meet basic needs, including food, clothing shelter, retirement security and health care. republicans, in contrast, seek to protect future income from taxation, often at the expense of meeting the basic needs of the less fortunate. so which of our two main political parties is more concerned with achieving broad happiness, and which party is more concerned with fulfilling selfishness?