1. Assume semiannual coupon payments. A. 20.56% B. 20.66% C. 20.76% D. 20.86% E. 20.96%

2

Table 3.

3. B A. 10.42% B. 10.52% C. 10.62% D. 10.72% F. 10.82%

decreases by 0.25% using only duration? A 181% B. 1.91% C. 2.01% D. 2.08% E. 2.25%