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Both Bond Sam and Bond Dave have 8 percent coupons, make semiannual payments, and are priced...

Both Bond Sam and Bond Dave have 8 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 5 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?

If interest rates suddenly rise by 3 percent, what is the percentage change in the price of Bond Dave?

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