Both Bond Sam and Bond Dave have 7 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 3 years to maturity, whereas Bond Dave has 18 years to maturity.

	If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Sam?
	-5.16% -5.44% -5.14% 5.22%

	If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Dave?
	19.07% -17.67% -17.65% -21.46%

	If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Sam be then?
	-5.11% 5.22% 5.49% 5.51%

	If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Dave be then?
	23.56% 23.54% 19.07% -17.62%