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Both Bond Sam and Bond Dave have 1 1 . 4 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has

Both Bond Sam and Bond Dave have 11.4 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 5 years to maturity, whereas Bond Dave has 22 years to maturity. Both bonds have a par value of 1,000.
a. 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.
b. If rates were to suddenly fall by 2 percent instead, what would be the percentage change in the price of these bonds?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
Answer is complete but not entirely correct.
\table[[,Bond Sam,Bond Dave],[a. Percentage change in price,14.06,%,7.12x,%
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