Percentage change in the price of bonds

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Reference no: EM131825754

Both Bond Sam and Bond Dave have 10 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 4 years to maturity, wheareas Bond Dave has 16 years to maturity. If interest rates suddenly fall by 1 percent, the percentage change in the price of Bonds Sam and Dave is percent and percent, respectively. (Negative amounts should be indicated by a minus sign. Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16))

Reference no: EM131825754

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