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Both Bond Sam and Bond Dave have 7 percent coupons, make semiannual payments, and are priced...

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 11 years to maturity. (Do not round your intermediate calculations.)

   

Requirement 1:
(a) If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Sam?
   
(Click to select)19.15%-15.52%-18.38%-15.50%16.06%

    

(b) If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Dave?
   
(Click to select)-43.07%49.17%-30.10%32.95%-30.08%

    

Requirement 2:
(a)

If rates were to suddenly fall by 5 percent instead, what would the percentage change in the price of Bond Sam be then?

   
(Click to select)19.13%16.06%-15.47%19.11%19.18%

    

(b)

If rates were to suddenly fall by 5 percent instead, what would the percentage change in the price of Bond Dave be then?

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