Both Bond Sam and Bond Dave have 11 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 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. Percentage change in price Bond Sam % Bond Dave %

Both Bond Sam and Bond Dave have 11 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 moturity. Both bonds have a face value of $1,000. 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.9, 32.16