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Consider a bond with a coupon of 6%, and 10 years to maturity, with an initial yield of 5%: 9) What is the price of

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Consider a bond with a coupon of 6%, and 10 years to maturity, with an initial yield of 5%: 9) What is the price of the bond? a) 117.16 b) 84.95 c) 92.56 d) 107.79 e) none of the above, the answer is 10) What is the new price if the yield changes from 5% to 6%?- a) 99.63 b) 88.534 c) 100 d) 112.55 e) none of the above, the answer is 11) Using modified duration, what is the new estimated price given the yield change above? a) 100 b) 103.08 c) 99.06 d) 99.634 e) none of the above, the answer is

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