Calculate the requested measures in parts (a) through (f) for a bond with coupon rate 8%, yield to maturity 8%, 2-year maturity, $100 par value? (a) Price value of a basic point? (b) Macaulay duration? (c) Modified duration? (d) Compute the approximate duration for the bond using the shortcut formula by changing yields by 20 basis points and compare your answers with (c); (e) Convexity measure? (f) Compute the approximate convexity measure for the bond using the shortcut formula by changing yields by 20 basis points and compare your answers to the convexity measure calculated in part (e). 8% 8% Coupon Yield to Maturity Maturity (years) Par Price $100.00 $100.00