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2. (10pt) Consider the four bonds having annual payments as shown in the table below. They are traded to produce a 15% yield. Bond B Bond C Bond D 0 + 1000 0 Payment Time Year 1 Year 2 Year 3 Bond A 100 100 100 + 1000 50 50 0 0 50 + 1000 0 + 1000 0 (a) Determine the price of each bond. 1 (b) Determine the duration of each bond. (c) Which bond is most sensitive to a change in yield? Why