Question: Use excel and show work if possible. thank you Consider a 8% coupon bond making annual coupon payments with 4 years until maturity and a

Use excel and show work if possible. thank you

Consider a 8% coupon bond makingannualcoupon payments with 4 years until maturity and a yield to maturity of 10%.

a.What is the modified duration of this bond?

b.If the market yield increases by 75 basis points, what is theactualpercentage change in the bond's price? [Actual, not approximation]

c.Given that this bond's convexity is 14.13, what price would you predict using theduration-with-convexity approximationfor this bond at this new yield?

d.What is the percentage error?

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