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Both Bond Sam and Bond Dave have 8 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 4 years to

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Both Bond Sam and Bond Dave have 8 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 4 years to maturity, whereas Bond Dave has 15 years to maturity. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Sam? 6.56% 0-6.44% -6.91% O-6.46% If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Dave? 16.39% -18.16% 0-15.35% 0-15.37% If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Sam be then? O 16.39% O-18.16% 0-15.35% 0-15.37% If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Sam be then? O 7.00% 6.56% 07.02% O-6.41% If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Dave be then? -15.32% 16.39% 19.58% 19.60%

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