1) An annual coupon bond has a coupon rate of 7.8%, face value of $1,000, and 4 years to maturity. If its yield to maturity is 7.8%, what is its Modified Duration? Round to three decimal places.

2) A semi-annual coupon bond has MacD of 26.7 years, yield-to-maturity of 4.2%, and price of $1189.29. What is its DV01? Answer in dollars, rounded to three decimal places.

3)You own a bond portfolio worth $67,000. You estimate that your portfolio has an average YTM of 5.1% and a Modified Duration of 19 years. If your portfolio's average YTM were to decrease by 2 basis points, how much would the value of your portfolio change? Round to the nearest cent. [Hint: Answer is positive if the portfolio value increases and negative if the value decreases]