gement of Financial Insitutions O A 10-year semiannual payment bond with a par value of $1,000 has a coupon annulatie Currently this bond is selling at par. Use the above information to answer the following questions. a. What is the duration of this par bond? b. If the Federal Reserve announces a QE and, therefore, interest rates unexpectedly tal. This bond's YTM drops by 100 basis points. What is the new duration? 1 A B