Make sure to show all work.

1. An 8% coupon bond paying interest annually and with 5 years remaining until maturity is selling for $1150 for every $1000 of face value. A) Find its yield to maturity. B) Find the duration of the bond in part A , at its existing yield to maturity. C) Using the duration measure calculated in part B, forecast the percentage change in the bonds price if its yield rises by 50 basis points (.5%).