Question: I need the answer for question 17. Question 16 is just for reference QUESTION 16 5 points Save Answer Use the following to answer the

I need the answer for question 17. Question 16 is just for reference

QUESTION 16 5 points Save Answer Use the following to answer the next two questions. Find the duration of a 3 year bond that carries a 5% coupon rate and sells at par. Round intermediate steps to four decimals. 9568 2.7298 2.8594 0 2.7694 Cannot be determined QUESTION 17 5 points Save Answer What will be the percentage change in the value of the bond mentioned in the previous question if the yield to maturity decreases by 60 basis points? Round intermediate steps to four decimals. 0158 0163 0016 0055 Cannot be determined

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