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Use the following information for Questions 3-8 below. Consider a bond with the following features and a hypothetical settlement date of 10 October 2019. Annual Coupon 5% Coupon Payment Frequency Semiannual Interest Payment Dates 30 December and 30 June Maturity Date 30 December 2020 Day-Count Convention 30/360 Annual Yield-to-Maturity 6% You want to calculate the bond's Macauley duration using the following table: Time to Receipt Cash Flow Present Value Weight Time Weight Period 1 2 3 X 3. What is the value of "X" in this table? Round your answer to three decimal places. 4. Use the formula to solve for the Macaulay Duration for the bond described in Question 3 above. Round your answer to three decimal places and do not forget to annualize your measure 5. Without considering the convexity effect, what is the approximate percentage price change if the bond's yield to maturity decreases by 50 basis points. Use the formula that relies on modified duration. Round your answer to three decimal places and express your answer in percentage terms (c.g., 3.500% not 0.035). 6. What is the bond's approximate modified duration assuming a 10 bp change in its annual yield-to-maturity? Remember to annualize your answer and round your answer to three decimal places Use the following information for Questions 3-8 below. Consider a bond with the following features and a hypothetical settlement date of 10 October 2019. Annual Coupon 5% Coupon Payment Frequency Semiannual Interest Payment Dates 30 December and 30 June Maturity Date 30 December 2020 Day-Count Convention 30/360 Annual Yield-to-Maturity 6% You want to calculate the bond's Macauley duration using the following table: Time to Receipt Cash Flow Present Value Weight Time Weight Period 1 2 3 X 3. What is the value of "X" in this table? Round your answer to three decimal places. 4. Use the formula to solve for the Macaulay Duration for the bond described in Question 3 above. Round your answer to three decimal places and do not forget to annualize your measure 5. Without considering the convexity effect, what is the approximate percentage price change if the bond's yield to maturity decreases by 50 basis points. Use the formula that relies on modified duration. Round your answer to three decimal places and express your answer in percentage terms (c.g., 3.500% not 0.035). 6. What is the bond's approximate modified duration assuming a 10 bp change in its annual yield-to-maturity? Remember to annualize your answer and round your answer to three decimal places