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Business, 29.03.2021 21:00 krissymonae

Both Bond Sam and Bond Dave have 6 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 2 years to maturity, whereas Bond Dave has 15 years to maturity. If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Sam?

If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Dave?

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