Find the duration for the bond in Question #1.

Use the duration and the price to find out if the yield goes down by 0.2% how much the price should be decreased by?
 

1. Time Given the zero rates below. Find the current price, the yield and the par yield for a bond which will mature in 3 years and carry a coupon rate 8%. Zero rate 0.5 1 1.5 2 2.5 3 4.80% 5.10% 5.40% 5.90% 6.30% 6.80%