An 8.000% seminannual coupon corporate bond that matures on 2/14/22, is purchased for settlement on 4/11/14. The yield to maturity is 6.333% quoted on a street convention semiannual bond basis (APR₂). Accrued interest is calculated using the 30/360 day count convention.

(a) What is the bonds Macauley Duration on the SDT?

(b) What is the modified duration of the bond?

(c) If the yield to maturity rises by 75 basis points (bps), use the modified duration to calculate the new full bond price.

(d) If the yield to maturity falls by 90 basis points (bps), use the modified duration to calculate the new full bond price.