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Both Bond Sam and Bond Dave have 7 percent coupons, makesemiannual payments, and are priced at par value. Bond Sam has 4years to maturity, whereas Bond Dave has 11 years to maturity.(Do not round your intermediate calculations.) Requirement 1:(a)If interest rates suddenly rise by 5 percent, what is thepercentage change in the price of Bond Sam? (Click to select)19.15%-15.52%-18.38%-15.50%16.06% (b)If interest rates suddenly rise by 5 percent, what is thepercentage change in the price of Bond Dave? (Click to select)-43.07%49.17%-30.10%32.95%-30.08% Requirement 2:(a)If rates were to suddenly fall by 5 percent instead, what wouldthe percentage change in the price of Bond Sam be then? (Click to select)19.13%16.06%-15.47%19.11%19.18% (b)If rates were to suddenly fall by 5 percent instead, what wouldthe percentage change in the price of Bond Dave be then?