Both Bond Sam and Bond Dave have 6 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 4 years to maturity, whereas Bond Dave has 14 years to maturity.

	If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Sam?
	multiple choice 1 -7.22% 6.83% -6.71% -6.73%

	If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Dave?
	multiple choice 2 -19.99% -16.66% -16.64% 17.55%

	If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Sam be then?
	multiple choice 3 -6.68% 6.83% 7.31% 7.33%

	If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Dave be then?
	multiple choice 4 17.55% 21.26% -16.61% 21.28%