1. (5 points) Please answer the following questions: (a) A coupon bond has a face value of $3,450, a maturity of 4 years and its coupon rate is 2.5%. Compute the duration using an interest rate of 1.25%. (b) If you invest $15,500 how much will you obtain after 8 years if the interest rate is 1.15%? (c) An investment provides a cash flow of $2,815 in perpetuity. Com- pute the present value applying an interest rate of 1.3%. (d) Consider a stock XY which is expected to pay a dividend of 12.5 next year. Thereafter, the dividend is expected to grow by 1.1% a year forever. Compute the present value using a market capi- talization rate of 1.5%