16. An 8.000% semi-annual coupon corporate bond that matures on 3/15/25, is purchased for settlement on 4/15/21. The yield to maturity is 6.333% quoted on a street convention semiannual bond basis (APR₂). Accrued interest is calculated using the 30/360 day count convention.

(a) What is the flat (clean) price of the bond on the SDT? (use the BA II Plus BOND spreadsheet)

(b) What is the accrued interest on the SDT? (use the BA II Plus BOND spreadsheet)

(c) How many days are there (T) in the current coupon period?

(d) How many days are there (t) between the last coupon date and the SDT?

(e) What is the bonds Macauley Duration on the SDT? (use the alternative formula given on slide #42 of the chapter 4 slides and show your work).

(f) What is the modified duration of the bond?

17. For the bond in problem 16 above, if the yield to maturity rises by 75 basis points (bps), use the modified duration to calculate the new full bond price.

18. For the bond in problem 16 above, if the yield to maturity falls by 90 basis points (bps), use the modified duration to calculate the new full bond price.

I need the answer for 17 and 18 please add 3 decimal places. show your work using finance calculation like PMT, PV