Both Bond Sam and Bond Dave have 7 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 5 years to maturity, whereas Bond Dave has 16 years to maturity.

	If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Sam?
	multiple choice 1 -17.75% -15.06% -15.08% 15.57%

	If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave?
	multiple choice 2 -42.47% -29.79% -29.81% 33.57%

	If rates were to suddenly fall by 4 percent instead, what would the percentage change in the price of Bond Sam be then?
	multiple choice 3 18.42% -15.03% 18.44% 15.57%

	If rates were to suddenly fall by 4 percent instead, what would the percentage change in the price of Bond Dave be then?
	multiple choice 4 -29.76% 50.51% 33.57% 50.53%