A bill with 90 days to maturity initially has a yield of 8% pa. and a face value of $100 000. This bill is held for 45 days and sold as a 45day bill at a yield of 6%. What is the continuously compounding holding period rate of returns over the 45 days? A. 0.97% B. 1.22% C. 1.76%. D. 3.00% Question 3 Suppose a two-year 9% pa bond with a face value of $100 000 has a yield of 8% pa. The price of this bond is $101814.95 and its duration is 3.7515. Assume the yield on this bond decreases instantaneously from 8% pa to 7.75% p.a. What would be the expected increase in the bond price? A. $317.79 B. $423.27 C. $459.15 D. $501.07