BULLET IMMUNIZATION. FOR THIS AND THE NEXT QUESTION. Consider a bond with a face value of $100,000, coupon rate of 4.5%, and yield-to-maturity of 3%. This bond was issued on November 1, 2020 and will mature on November 1, 2030. Calculate the market price of this bond today. Assume annual coupon payment.

(I know there are two questions but they are related to each other, hope you understand. Thank you)

Question 14 options:

1)

$93,600

2)

$131,541

3)

$112,795

4)

$83,900

5)	None of the above is correct

Question 15 (1 point)

Calculate the DURATION of this bond. Assume annual coupon payment. Hint: use spreadsheet, as demonstrated in the video on Bullet Immunization.

Question 15 options:

1)	6.01 years

2)	8.39 years

3)	7.95 years

4)	8.14 years