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

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Finance

Both Bond Sam and Bond Dave have 8 percent coupons, makesemiannual payments, and are priced at par value. Bond Sam has 4years to maturity, whereas Bond Dave has 14 years to maturity.
If interest rates suddenly rise by 3 percent, what is thepercentage change in the price of Bond Sam?
If interest rates suddenly rise by 3 percent, what is thepercentage change in the price of Bond Dave?
If rates were to suddenly fall by 3 percent instead, what wouldthe percentage change in the price of Bond Sam be then?
If rates were to suddenly fall by 3 percent instead, what wouldthe percentage change in the price of Bond Dave be then?

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Both Bond Sam and Bond Dave have 8 percent coupons, makesemiannual payments, and are priced at par value. Bond Sam has 4years to maturity, whereas Bond Dave has 14 years to maturity.If interest rates suddenly rise by 3 percent, what is thepercentage change in the price of Bond Sam?If interest rates suddenly rise by 3 percent, what is thepercentage change in the price of Bond Dave?If rates were to suddenly fall by 3 percent instead, what wouldthe percentage change in the price of Bond Sam be then?If rates were to suddenly fall by 3 percent instead, what wouldthe percentage change in the price of Bond Dave be then?