1.

The Duration of a bond is 7.
Interest rates increase by 2%.
What is the change in value of a the bond?

2.

A Zero coupon bond matures in 4 years.
Interest rates increase by 2%.
What is the change in value of a the bond?

3. A daily volatility of an interest rate is 1%. Approximately what is the annualized volatilty?

The annual volatility of an interest rate is 16%. Approximately what is the daily volatilty?