5. (A) An investor buys a 3-year bond with a 5% coupon paid annually. The bond with a YTM of 3%, is purchased at a price of 105.657223 (par=100). Assuming a 5 basis point change in YTM, what is the bond's approximated modified duration? (5 points) (B) A bond has an annual modified duration of 7.020 and annual convexity of 65.180. If the bond's yield-to-maturity decreases by 25 basis points, what is the expected percentage price change? (5 points)