Question: show work please Problem 1: a) Calculate the modified duration of a 9% coupon, 8% YTM, 2 year annual- payment bond. Font b) If YTM

show work please

Problem 1: a) Calculate the modified duration of a 9% coupon, 8% YTM, 2 year annual- payment bond. Font b) If YTM decreases from 8% to 6%, what is the change on bond price predicted using modified duration (assuming a par value of $1,000)

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