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(1 point) Consider the continuously compounded yield curve y(T-0.035-0.0 15-0.5T Consider a 2-year $ 2500 bond that's redeemable at par and pays semi-annual coupons at

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(1 point) Consider the continuously compounded yield curve y(T-0.035-0.0 15-0.5T Consider a 2-year $ 2500 bond that's redeemable at par and pays semi-annual coupons at a rate of C(2) 596. () Determine the bond's purchase price. Purchase Price $ (i) Determine the duration of the bond to 3 decimals. Duration years Note: Use the purchase price to the closest cent in your duration calculation

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