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Both Bond Sam and Bond Dave have 1 2 percent coupons, make semiannual payments, and are priced at $ 1 , 0 0 0 .

Both Bond Sam and Bond Dave have 12 percent coupons, make semiannual payments, and are priced at $1,000.00. Bond Sam has 3 years to maturity, whereas Bond Dave has 20 years to maturity. Both bonds have a face value of $1,000.
If interest rates suddenly rise by 3 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.
\table[[,Bond Sam,Bond Dave],[Percentage change in price,,%,%
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