A 2 year 10% annual coupon corporate bond with a required rate of return of 10% has a duration of_years. Select one: a. 1.62 b. 1.97 c.2 d. 1.85 e. 1.91 A bond that pays interest semiannually has a 2.5 percent promised yield and a price of $1,225. Annual interest rates are now projected to increase 50 basis points. The bond's duration is 10 years. What is the predicted new bond price after the interest rate change? (Watch your rounding.) Select one: O a. $985.28 b. $1057.29 O c. $1,032.87 O d. $1,164.51