A corporate bond has 2 years to maturity, a coupon rate of 5%, a face value of $1,000 and pays coupons semiannually. The market interest rate for similar bonds is 0.065.

A:What is the price of the bond (in $)?

B: What is the bonds duration (2 decimals)

C: If yields fall by 0.8 percentage points, what is the new expected bond price based on its duration (in $)?

D: What is the actual bond price after the change in yields (in $)?

E:What is the difference between the two new bond prices (in absolute $)?