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

$10$ years to maturity.

If interest rates suddenly rise by $5$ percent, what is the percentage change in the price

of Bond Sam?

$-12\mathrm{.}27\%$

$-12\mathrm{.}29\%$

$12\mathrm{.}66\%$

$-14\mathrm{.}02\%$

If interest rates suddenly rise by $5$ percent, what is the percentage change in the price

of Bond Dave?

$-40\mathrm{.}20\%$

$-28\mathrm{.}67\%$

$31\mathrm{.}09\%$

$-28\mathrm{.}65\%31\mathrm{.}09\%$

$-28\mathrm{.}65\%$

If rates were to suddenly fall by $5$ percent instead, what would the percentage change

in the price of Bond Sam be then?

$-12\mathrm{.}24\%$

$12\mathrm{.}66\%$

$14\mathrm{.}47\%$

$14\mathrm{.}49\%$

If rates were to suddenly fall by $5$ percent instead, what would the percentage change

in the price of Bond Dave be then?

$-28\mathrm{.}62\%$

$31\mathrm{.}09\%$

$45\mathrm{.}11\%$

$45\mathrm{.}09\%$