Both Bond Sam and Bond Dave have 10 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 4 years to maturity, whereas Bond Dave has 12 years to maturity. (Do not round your intermediate calculations.)

Requirement 1:

(a)	If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Sam?
	(Click to select)-11.92%-13.56%14.06%12.31%-11.94%

(b)	If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave?
	(Click to select)-22.94%-22.92%25.30%33.89%-29.77%

Requirement 2:

(a)	If rates were to suddenly fall by 4 percent instead, what would the percentage change in the price of Bond Sam be then?
	(Click to select)14.09%12.31%-11.89%14.02%14.04%

(b)	If rates were to suddenly fall by 4 percent instead, what would the percentage change in the price of Bond Dave be then?
	(Click to select)33.85%33.87%-22.89%33.92%25.30%

1. 142 points Bulh Bord 3 ad Bond Dave have 10 pe coupons, make seriannual payrnerils, and are prived a par value. Bond San has 4 years to maturity, whereas Bond Dave has 12 years to maturity. (Do not round your intermediate calculations.) (a) It interest rates suddenly rise by 4 percent what is the percentage change in the price at Bond Sam? (Click to select) (b) If interest rates suddenly rise by 4 percent wh at is the percentage c hange in the price of Bond Dave? (Click to select? Requirement 2: (a) It rates were to suddenly tall by 4 percent instead, what would the percentage change in the price ot Bond Sam he then? (Click (o sekecly b) Ir rales were lo suddenly all by 4 pervent inslead, whal would the perenlage change i the price uf Bond Davg be then? (Click to select