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8: Consider a 25-year bond with face and maturity value of $100, with a coupon rate of 8% per annum payable semiannually, and a yield

8: Consider a 25-year bond with face and maturity value of $100, with a coupon rate of 8% per annum payable semiannually, and a yield to maturity of 5% per annum compounded semiannually. In the following your answers should be correct to 2 places after the decimal point. a. Algebraically find the price. ______________ b. Algebraically find the dollar duration. ___________as per semiannual. c. Algebraically find modified duration. Be sure to state your answer in years. _____________ d. Algebraically find the Macaulay duration. Be sure to state your answer in years. _______________

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