3) Calculate the requested measures in parts (a) through (d) for bonds A and B (assume that each bond pays interest semiannually): Coupon Yield to maturity Maturity (years) Par Price Bond A Bond B 8% 9% 8% 8% 2 5 $1000.00 $1000.00 $100.00 $104.055 (a) What is the price value of a basis point for bonds A and B? (b) Compute the Macaulay durations for the two bonds. (c) Compute the modified duration for the two bonds. 3) Calculate the requested measures in parts (a) through (d) for bonds A and B (assume that each bond pays interest semiannually): Coupon Yield to maturity Maturity (years) Par Price Bond A Bond B 8% 9% 8% 8% 2 5 $1000.00 $1000.00 $100.00 $104.055 (a) What is the price value of a basis point for bonds A and B? (b) Compute the Macaulay durations for the two bonds. (c) Compute the modified duration for the two bonds