Both Bond Sam and Bond Dave have 7 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 2 years to maturity, whereas Bond Dave has 18 years to maturity.

	If interest rates suddenly rise by 3 percent, what is the percentage change in the price of Bond Sam?
	multiple choice 1 -5.62% -5.30% -5.32% 5.40%

	If interest rates suddenly rise by 3 percent, what is the percentage change in the price of Bond Dave?
	multiple choice 2 27.66% -24.80% -24.82% -33.01%

	If rates were to suddenly fall by 3 percent instead, what would the percentage change in the price of Bond Sam be then?
	multiple choice 3 5.71% 5.69% 5.40% -5.27%

	If rates were to suddenly fall by 3 percent instead, what would the percentage change in the price of Bond Dave be then?
	multiple choice 4 38.21% 38.23% 27.66% -24.77%