>Aloha Inc. has 4.5 percent coupon bonds on the market that have 4 years left to maturity. If the YTM on these bonds is 8 percent, what is the current bond price?

>What is the Macaulay duration of a 7.2 percent coupon bond with five years to maturity and a current price of $1,027.60? What is the modified duration?

>Consider a 4.6 percent coupon bond with five years to maturity and a current price of $1,046.10. Suppose the yield on the bond suddenly increases by 2 percent....

a.	Use duration to estimate the new price of the bond.

b.	Calculate the new bond price.