A) Bond Dave has a 9 percent coupon rate, makes semiannual payments, a 7 percent YTM, and 25 years to maturity. If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave? Enter the answer with 4 decimals (e.g. 0.0123).

B) You purchase a bond with an invoice price of $977. The bond has a coupon rate of 5 percent, and there are 3 months to the next semiannual coupon date. What is the clean price of the bond? Enter the answer with 2 decimals (e.g. 954.23).