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(1 point) A 14-year bond pays a semi-annual coupon of 5% (compounded semi-annually), on a face value of $3000. The bond's yield is 8% compounded

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(1 point) A 14-year bond pays a semi-annual coupon of 5% (compounded semi-annually), on a face value of $3000. The bond's yield is 8% compounded semi-annually. (a) Determine the price of the bond. Express your answer in dollars, to the nearest cent. Price = $ (b) Determine the derivative of the bond's price with respect to (per-period) yield, at its current yield. Express your answer in dollars, to the nearest. Derivative = $ (c) Determine the bond's duration. Express your answer in years, to two decimal places. Please use the rounded answers from (a) and (b) in your calculation. Duration = Years (1 point) A 14-year bond pays a semi-annual coupon of 5% (compounded semi-annually), on a face value of $3000. The bond's yield is 8% compounded semi-annually. (a) Determine the price of the bond. Express your answer in dollars, to the nearest cent. Price = $ (b) Determine the derivative of the bond's price with respect to (per-period) yield, at its current yield. Express your answer in dollars, to the nearest. Derivative = $ (c) Determine the bond's duration. Express your answer in years, to two decimal places. Please use the rounded answers from (a) and (b) in your calculation. Duration = Years

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