Question: A two year 8 % coupon bond that makes annual coupon payments has a face value of $ 1 0 0 and an ( annual

A two year 8% coupon bond that makes annual coupon payments has a face value of $100 and an (annual) yield to maturity of 3%(a) What is the price of the bond? (5 points)(b) How would the price of the bond change if the yield went up to 8%?(5 points)(0 Calculate the modified duration of this bond when the yield is 3%.(5 points)

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