Question: No explanation needed! Just the answer Question 4 A bond matures in 30 years, has a 20 year duration and a yield to maturity of

No explanation needed! Just the answer

Question 4 A bond matures in 30 years, has a 20 year duration and a yield to maturity of 9.32%. The change in the level of the market interest rate is 0.47%. The modified duration is Not yet and the percentage change in price is answered larked out of O a. 9.4 years; -4.7% 20 O b. 14.4 years; 4.7% Flag stion O c. 18.29 years; -8.6% O d. 18.29 years; 8.6% 5 An insurance company must make payments to a customer of $1 million in one year and $400,000 in four years. The yield curve is flat at 10% Use annual compounding. If the company wants to fully fund and immunize its obligation to this custom with a single issue of a zero-coupon bond, what must be the face value of the zero-coupon bond? t of O a. $8.37 million O b. $3.81 million O c. $1.39 million O d. $1.83 million

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