#20 is the question i need answered

19. Suppose you are considering the purchase of a bond with five years remaining to maturity. The bond has a face amount of $1,000, a coupon interest rate of 4.5%, pays interest annually. The yield to maturity on this bond is currently 4%. If interest rates decrease by 1 percentage point (100 basis points), how much will the bond's value change? 20. Suppose you are considering adding the bond in # 19 above to your portfolio. Before doing so, you need to know the duration of the bond. Please compute the duration and modified duration of the bond at an 4% yield to maturity. Suppose interest rates increase by 1 percentage point (100 basis points), based upon 19. Suppose you are considering the purchase of a bond with five years remaining to maturity. The bond has a face amount of $1,000, a coupon interest rate of 4.5%, pays interest annually. The yield to maturity on this bond is currently 4%. If interest rates decrease by 1 percentage point (100 basis points), how much will the bond's value change? 20. Suppose you are considering adding the bond in # 19 above to your portfolio. Before doing so, you need to know the duration of the bond. Please compute the duration and modified duration of the bond at an 4% yield to maturity. Suppose interest rates increase by 1 percentage point (100 basis points), based upon