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QUESTION
Both Bond Sam and Bond Dave have 15 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 5 years to maturity,...
Both Bond Sam and Bond Dave have 15 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 5 years to maturity, wheareas Bond Dave has 12 years to maturity. If interest rates suddenly rise by 2 percent, the percentage change in the price of Bonds Sam and Dave
