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Both Bond Sam and Bond Dave have 10 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 3 years to
Both Bond Sam and Bond Dave have 10 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 3 years to maturity, whereas Bond Dave has 12 years to maturity. If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Sam? 0-9.51% 9.78% -9.53% O-10.54% If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave? -22.94% 25.30% 0-29.77% 0-22.92%
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