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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 19 years to maturity. If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Sam? -14.38 % -16.79 % 14.90% -14.36 % If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave? lems Saved If interest rates suddenly rise by 4 percent, what is the percentage change in the price of Bond Dave? 27.96% 38.81% 32.75% 27.94% If rates were to suddenly fall by 4 percent instead, what would the percentage change in the price of Bond Sam be then? 17.50% 14.90% 17.48% -14.33% If rates were to suddenly fall by 4 percent instead, what would the percentage change in the price of Bond Dave be then? 48.70% 32.75% 48.68% 27.91% 48.75%

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