A company has issued a serni annual hond in 2020 with an interest of 10.3% and face value of $1,000 Matunity is 2030 What are the YTC if the current bond price is $993 and the bond is called after 6 years for 105% of face value? A seri annual bond is trading for 91.97 per $100 face value. Modified duration is 8.25 years. If YTM decreases by 77 basis points (ie. 0.77%), what would be the change in price of the bond in $? Answer: A par bond with a 5% YTM and 10 years to maturity. Calculate duration