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10/8/1, 357 PM 9. Award: 10.00 points Both Bond Sam and Bond Dave have 9 percent coupons, make semiannual payments, and are priced at value.

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10/8/1, 357 PM 9. Award: 10.00 points Both Bond Sam and Bond Dave have 9 percent coupons, make semiannual payments, and are priced at value. Bond Sam has four years to maturity, whereas Bond Dave has 15 years to maturity a. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Sam and Bond Dave? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 32.16.) decimal places, e.g. b. If rates were to suddenly fall by 2 percent instead, what would be the percentage change in the price of Bond Sam and Bond Dave? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places,e.g.. 32.16.) a. Bond Sam Bond Dave b. Bond Sam Bond Dave Hints Hint#1 Hint e2 References Worksheet Learning Objective: 07-02 Explain bond values and yields and why they fluctuate

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