1. A $1,000 face value bond of Acme Inc. pays an annual coupon and carries a coupon rate of 6.25%. It is was a 30 year bond when issued and it has 11 years remaining to maturity. If it currently has a yield to maturity of 5.25%.

(a) What interest payments do bondholders receive each year?

(b) What is the current bond price?

(c) What is the bond price if the yield to maturity rises to 7.25%?

(d) What is the Duration of the bond (with YTM = 5.25)?

could you show the details process and not with excel)