Question: explain this in excel with formula please Below are details of a semiannual bond. Par value = 1000; Maturity 4 years; Market rate if interest

explain this in excel with formula please explain this in excel with formula please Below are details of a

Below are details of a semiannual bond. Par value = 1000; Maturity 4 years; Market rate if interest (yield to Maturity) = 11% per annum; Coupon rate = 8% per year paid semiannually. a. Find the Duration, modified duration, and Convexity of the bond. b. If the yield changes by 1% what will be the change in price and what will be new price? c. Calculate the delta and the gamma. d. Which one is a better measure of predicting price change--duration or convexity-- and why

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