a. A bank holds a bond in its investment portfolio whose duration is 5.5 years. Its current market price is $950. While market interest rates are currently 8% for comparable quality securities, an increase to 10% is expected in the coming weeks. What do you forecast the new bond price to be (using duration) if the rate changes occurs as anticipated? b. Worster National Bank holds $15 million in government bonds having a duration of 6 years. If rates rise from 6 to 7%, what will be the new value of the government bonds? Again, use duration