Both Bond Sam and Bond Dave have 9 percent coupons, make semiannual payments, and are priced at par value (you can assume this is $1,000). Bond Sam has 3 years to maturity, whereas Bond Dave has 13 years to maturity.

	If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Sam?
	multiple choice 1 -9.68% -10.72% -9.66% 9.92%

	If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave?
	multiple choice 2 -24.76% 27.48% -24.78% -32.95%

	If rates were to suddenly fall by 4 percent instead, what would the percentage change in the price of Bond Sam be then?
	multiple choice 3 9.92% -9.63% 11.00% 11.02%

	If rates were to suddenly fall by 4 percent instead, what would the percentage change in the price of Bond Dave be then?
	multiple choice 4 37.90% 27.48% 37.88% -24.73%