5) Suppose the yield to maturity on a 2.75% coupon bond is 2.00%. The bond has a face value of $1,000, pays coupons semi-annually, and has a Macaulay duration of 12.91 years. Its price is 908.32. What is this bond's modified duration? Now suppose the yield to maturity on this bond increases to 2.50%. Approximately what will be the percentage increase in the bond's price? Approximately what will the new price of the bond be? (its actual new price would be $852, 53). What is the source of the error in this estimate? All tive information that you need to work this problem is here