HYU Corp has a 5% coupon bonds making annual payments that matures in 4yrs. * Find the duration of bond if it has 3% YTM? * by using modified duration relationship, find the price of the bond if the Yield goes down to 75bps. *Compares to a zero coupon bond that has a maturity of 4 yrs. which bond would change most to a rate change? Why ?