Assume each bond pays interest semi annually

Coupon Yield to maturity Maturity (years) Par Price Bond A Bond B 8% 9% 8% 8% 2 $100.00 $100.00 $100.00 $104.055 (a) What is the price value of a basis point for bonds A and B? (b) Compute the Macaulay durations for the two bonds. (c) Compute the modified duration for the two bonds. (d) Compute the convexity measure for both bonds A and B (e) An investor bought one share of bond A and one share of bond B. What is the Macaulay duration of the investor's bond portfolio