Consider a 3-year bond with a face value of $100, a 4% yield to maturity, and a 7% annual coupon. A. What is the duration: (a) 2.82; (b) 3.91; (c) 2.42; (d) 3.00; B. By how much would the bond price rise if the yield to maturity fell to 3%: (a) 7.48%; (b) 4.55%; (c) 3.68%; (d) 2.71%;