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 17 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% -15.08% 15.57% -15.06%

	If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave?
	multiple choice 2 -43.83% -30.47% -30.45% 34.62%

	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 -15.03% 18.44% 15.57% 18.42%

	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 -30.42% 52.94% 34.62% 52.96%