Question: S 0 7 - 1 9 Interest Rate Risk [ LO 2 ] Both Bond Sam and Bond Dave have 6 . 7 percent coupons,

S07-19 Interest Rate Risk [LO2]
Both Bond Sam and Bond Dave have 6.7 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 3 years to maturity, whereas Bond Dave has 20 years to maturity.
If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Sam and Bond Dave?
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.g.,32.16.
\table[[Percentage change in price of Bond Sam,%
 S07-19 Interest Rate Risk [LO2] Both Bond Sam and Bond Dave

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