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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 5 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 5 years to maturity, whereas Bond Dave has 15 years to maturity. (Do not round your intermediate calculations.) Requirement 1: (a)lf interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Sam? Click to select) (b) If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Dave? Click to select) Requirement 2: (a)lf rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Sam be then? (Click to select) (b)lf rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Dave be then? (Click to select) Kiss the Sky Enterprises has bonds on the market making annual payments, with 19 years to maturity, and selling for $850. At this price, the bonds yield 6.3 percent. What must the coupon rate be on the bonds? Multiple Choice O 5.02% O 9.85% O 5.79% O 4.92% 6.30%

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