A financial institution has positions described below in debt, equity and currency assets held for trading purposes. (Select and calculate values for each as indicated).

1. Asset 1, a long position in a bond that makes semi-annual coupon payments and returns the principal at maturity. The bond has (specify):

a. a face value of 50 million and 100 million dollars,

b. a maturity of 10 years,

c. a coupon rate of 5%, and

d. a yield to maturity of 4%.

Compute the value and modified duration of each asset? Compute the value and modified duration of the financial institutions debt position?