3. Calculate bond price change (column 4) using bond price calculated in column 3 of the table. For example, bond price changes when yield to maturity 13% vs yield to maturity 14%, and so on.

4. Calculate bond price change using duration (column 5) for all yield to maturities given in the table below.

Yield to maturity	Duration	Bond Price	Price change using Bond Price in column 3	Price change using duration in column 2
14%	8.73	$36.98
13%	9.32	$40.03
12%	9.96	$43.61
11%	10.66	$47.84
10%	11.43	$52.87
9%	12.27	$58.91
8%	13.16	$66.23
7%	14.11	$75.18
6%	15.11	$86.24
5%	16.14	$100.00
4%	17.19	$117.29
3%	18.25	$139.20
2%	19.30	$167.19
1%	20.32	$203.23