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Both Bond Sam and Bond Dave have 9 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 2 years to

Both Bond Sam and Bond Dave have 9 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 2 years to maturity, whereas Bond Dave has 15 years to maturity.:

a. If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Sam?

b. If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Dave?

c. If rates were to suddenly fall by 5 percent instead, what would the percentage change in the price of Bond Sam be then?

d. If rates were to suddenly fall by 5 percent instead, what would the percentage change in the price of Bond Dave be then?

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