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Below is the information sheet for a plain vanilla bond. Characteristic Value Par Value $1,000 Maturity 5 years Coupon rate 4% Compounding Annual Yield to

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Below is the information sheet for a plain vanilla bond. Characteristic Value Par Value $1,000 Maturity 5 years Coupon rate 4% Compounding Annual Yield to maturity 9% A. What is the price of the bond?| B. Calculate the modified duration and convexity of the bond. C. What is the estimated price of the bond using modified duration and convexity for a 225 bps decrease in interest rates

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