Both Bond Sam and Bond Dave have 8 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 2 years to maturity, whereas Bond Dave has 12 years to maturity.

	If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Sam?
	multiple choice 1 -3.68% -3.55% 3.58% -3.53%

	If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Dave?
	multiple choice 2 -13.80% 14.48% -16.01% -13.78%

	If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Sam be then?
	multiple choice 3 3.58% -3.50% 3.70% 3.72%

	If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Dave be then?
	multiple choice 4 16.92% 16.94% -13.75% 14.48%