What is the percentage change in the price of bond sam

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Both Bond Sam and Bond Dave have 7 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 4 years to maturity, whereas Bond Dave has 12 years to maturity. If interest rates suddenly rise by 5 percent, what is the percentage change in the price of Bond Sam?

Reference no: EM13294309

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