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Problem 6-19 Interest Rate Risk [LO 2] Both Bond Sam and Bond Dove have 96 percent coupons, make semiannual prymenta, and ace priced at par

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Problem 6-19 Interest Rate Risk [LO 2] Both Bond Sam and Bond Dove have 96 percent coupons, make semiannual prymenta, and ace priced at par value. Gond Sam hat 6 years to moturity, whereas Bond Dave has 23 years to maturity. Both bonds have a par value of 1,000 a. If interest rates suddenly roe by 3 percent what is the percentage change in the price of these bohds? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.9, 32.16 . Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimat plases, 4.8,32.16

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