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Both Bond Sam and Bond Dave have 1 0 . 6 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has

Both Bond Sam and Bond Dave have 10.6 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 6 years to maturity, whereas Bond Dave has 23 years to maturity. Both bonds have a par value of 1,000.
If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds?
Note: 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 decimal places, e.g.,32.16.
If rates were to suddenly fall by 2 percent instead, what would be the percentage change in the price of these bonds?

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