(1 point) Consider a 2-year $1500 bond that's redeemable at par and pays semi-annual coupons at a rate of c(2) = 6%. (a) Suppose that the yield rate is 3.2% compounded annually. Determine: The purchase price of the bond. P = $ The bond's duration to 3 decimals. D = years Note: Use the purchase price to the closest cent in your duration calculation. (b) Suppose that the yield rate is 3.2% compounded semi-annually. Determine: The purchase price of the bond. P = $ The bond's duration to 3 decimals. D= years Note: Use the purchase price to the closest cent in your duration calculation. (C) Suppose that the yield rate is 3.2% compounded continuously. Determine: The purchase price of the bond. P = $ The bond's duration to 3 decimals. D = years