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19. A certain 8 percent semi-annual, 3-year, $1,000 par bond, has a YTM of 10 percent. a. What is the bond's Macaulay duration? b. What

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19. A certain 8 percent semi-annual, 3-year, $1,000 par bond, has a YTM of 10 percent. a. What is the bond's Macaulay duration? b. What is the bond's modified duration? C. Assume the bond's YTM goes from 10 percent to 9.5%, calculate an estimate of the bond's new price

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