Owen bought a 4% coupon bond on Dec. 31, 2018 that matured in 4 years. The yield to maturity for the bond on Dec 31, 2018 was 3%. Explain or show your work for all questions below. What price did Owen pay for the bond on Dec. 31, 2018? a. b. On Dec. 31, 2019, the yield for Owens bond is now 2% lower than it was on Dec. 31, 2019. What was the price of Ower's bond on Dec 31, 2019? c. Estimate the modified duration of Owen's bond on Dec. 31, 2019