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Both Bond Sam and Bond Dave have 11.2 percent coupons, make semiannual payments, and are priced at par value Bond Sam has 4 years to

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Both Bond Sam and Bond Dave have 11.2 percent coupons, make semiannual payments, and are priced at par value Bond Sam has 4 years to maturity, whereas Bond Dave has 21 years to maturity. Both bonds have a par value of 1.000 a. If interest rates suddenly nise by 3 percent, what is the percentape change in the price of these bonds? Note: A negative onswer should be indicated by a minus sign, Do not round intermediote calculations and enter your answers os a percent founded to 2 decimal places, e.g. 32.16. b. If rates were to suddenly fall by 3 percent instead, what would be the percentage change in the price of these bonds? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9. 32.16

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