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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 percent coupons, make semiannual payments, and are priced at $ Bond Sam has years to maturity, whereas Bond Dave has years to maturity. Both bonds have a face value of $
If interest rates suddenly rise by 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 decimal places, eg
tableBond Sam,Bond DavePercentage change in price,,
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