For Questions 9 and 10 use the following information The yield rate is 8% T 1 2 3 4 5 Total Rt 500 300 600 400 700 2,500 vtR 462.96 257.20 476.30 294.01 476.41 1,966.88 tv'Rt 462.96 514.40 1,428.90 1,176.04 2,382.05 5,964.35 t(t+1)v'Rt 925.92 1,543.20 5,715.60 5,880.20 14,292.30 28,357.22 Question 9 Estimate the price of this investment at 8% using the modified duration and convexity. (Do no calculate the price directly). P(8%): Question 10 Your portfolio consists of the above investment and a 5-year 2,000 bond with 160 annual coupons that sells at par. Find the Macaulay duration of this portfolio at the 8% yield rate. Macaulay duration of portfolio: For Questions 9 and 10 use the following information The yield rate is 8% T 1 2 3 4 5 Total Rt 500 300 600 400 700 2,500 vtR 462.96 257.20 476.30 294.01 476.41 1,966.88 tv'Rt 462.96 514.40 1,428.90 1,176.04 2,382.05 5,964.35 t(t+1)v'Rt 925.92 1,543.20 5,715.60 5,880.20 14,292.30 28,357.22 Question 9 Estimate the price of this investment at 8% using the modified duration and convexity. (Do no calculate the price directly). P(8%): Question 10 Your portfolio consists of the above investment and a 5-year 2,000 bond with 160 annual coupons that sells at par. Find the Macaulay duration of this portfolio at the 8% yield rate. Macaulay duration of portfolio