1. You are provided with the following quote on Settlement date is October 1, 2013. All quoted prices are in decimals. Asked Maturity Coupon Bid 3/31/2015 0.250 3/31/2015 2.500 4/15/2015 0.375 4/30/2015 0.125 4/30/2015 2.500 Chg yield 100.0273 100.0508 -0.0234 0.216 103.3789 103.4023 -0.0273 0.218 100.1914 100.2148 -0.0234 0.235 0.0234 0.239 103.5273 103.5508 0.0352 0.245 Asked 99.7813 99.8203 Compute the following for each of the above bonds and provide an interpretation: a) PVBP b) Use excel to compute Duration c) Modified Duration