1. Susan Oil has just issued a bond with the following characteristics:

Type	Coupon Rate	YTM	Par Value	Maturity
Annual	9.9%	8.6%	$1,000	5 years

The modified duration of Susan Oils bond is ____________.

		3.86
		3.87
		3.90
		4.20
		None of the above

2. Kepler International has just issued a bond with the following characteristics:

Type	Coupon Rate	YTM	Par Value	Maturity
Annual	14.1%	11.4%	$1,000	30 years

The modified duration of Kepler Internationals bond is ____________.

		7.04
		8.29
		9.23
		9.43
		None of the above

3.Robinson has a bond that is traded at its par value of $1,000, has a 5% coupon rate, and has a 4-year maturity. If the interest rate were to increase by 150 basis points, his predicted new price for the bond based on duration only is ____________.

		925.0
		935.1
		938.2
		993.8
		None of the above

thank you