Question: Both Bond Sam and Bond Dave have 1 2 . 8 percent coupons, make semiannual payments, and are priced at $ 1 , 0 0

Both Bond Sam and Bond Dave have 12.8 percent coupons, make semiannual payments, and are priced at $1,000.00. Bond Sam has 7 years to maturity, whereas Bond Dave has 24 years to maturity. Both bonds have a face value of $1,000.
If interest rates suddenly rise by 3 percent,

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