a. Calculate modified duration using the information provided, Do not round intermediate calculations, Round your answer to two decimal plachs, Use only the data provided in the table above tin the problem statement) for your calculations. vears b. What is a better measure when calculating the bond's sensitivity to changes in interest rates? is a better measure of the bend's senstivity to changes in interest rotes as considers benly the final cash flow, while indudes other factors. c. Jisertify the direction of change in modified duration if: 1. the coupon of the tond wern 12%, not aw. Modified duration as the coupon increasec. 2. the moturity of the bend were a rears, not 14 vears. Modifed diration is maturity decreases