(1 point) A 24-year bond pays a quarterly coupon of 4% (compounded quarterly), on a face value of $1000. The bond's yield is 3% compounded quarterly (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-perlod) 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 Note: You can earn partial crerit on this problem (1 point) A 24-year bond pays a quarterly coupon of 4% (compounded quarterly), on a face value of $1000. The bond's yield is 3% compounded quarterly (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-perlod) 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 Note: You can earn partial crerit on this