Identify the price of a Morgan Stanley bond from the Wall Street Journal section titled Corporate Bonds

Question:

Identify the price of a Morgan Stanley bond from the Wall Street Journal section titled “Corporate Bonds” or from Yahoo Finance. The bond should have a maturity of at least 4 years. Assume semi-annual coupon payments. Using Excel, complete the following:

a. Compute its duration.

b.If interest rates are expected to increase by 45 basis points, what is the expected dollar change in price? Percentage change in price?

c. If interest rates are expected to decline by 35 basis points, what is the expected dollar change in price? Percentage change in price?

Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...

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