Both Bond Sam and Bond Dave have 7 percent coupons, make
semiannual payments, and are priced at par value. Bond Sam has 4
years to maturity, whereas Bond Dave has 18 years to maturity.
(Do not round your intermediate calculations.)
   
Requirement 1:
(a)
If interest rates suddenly rise by 3 percent, what is the
percentage change in the price of Bond Sam?
   
(Click to
select)  -9.69%  -9.67%  9.90%  -10.74%  11.01%
    
(b)
If interest rates suddenly rise by 3 percent, what is the...