a) what is the proce of a bond with a face value of $100 that will mature in 24 months and pays a coupon of 8% per annun (coupons are paid semiannually) give the yield is 6% continuously counpounding?

b) what is the bond's duration?

c) use the duration to calculate the effect on the bond's price of an incrrasr of 20 basis points in its yield.