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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 3 years to

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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 3 years to maturity, whereas Bond Dave has 13 years to maturity. If interest rates suddenly rise by 3 percent, what is the percentage change in the price of Bond Sam? O 7.52% 0 -7.96% 0 -7.38% 0 -7.36% If interest rates suddenly rise by 3 percent, what is the percentage change in the price of Bond Dave? O -19.48% O -19.50% O 21.15% 0-24.23% If rates were to suddenly fall by 3 percent instead, what would the percentage change in the price of Bond Sam be then? O 8.13% 8.11% 0 -7.33% O 7.52% If rates were to suddenly fall by 3 percent instead, what would the percentage change in the price of Bond Dave be then? O 21.15% O 26.80% -19.45% O 26.82%

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