Question: 1. Problem 13-01 eBook Problem 13-01 Calculate the Macauley duration of a 10%, $1,000 por bond that matures in three years of the bond's YTM

1. Problem 13-01 eBook Problem 13-01 Calculate the Macauley duration of a 10%, $1,000 por bond that matures in three years of the bond's YTM 15 14% and interest is pold semiannually. You may use Appendix to answer the questions a Calculate this bond's modified duration. Do not round intermediate calculations, Round your answer to two decimal places years b. Assuming the bond's YTM goes from 14% to 13.0%, calculate an estimate of the price change. Do not round intermediate calculations. Round your answer to three decimal places. Use a minus sign to enter negative value, if any

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