own a 15-year 100 par bond. The bond is 95.50. A Calculate the annual effective yield rate coupon rate is an annual 9%, payable annually. The price of the B Calculate Macaulay duration C Calculate modified duration D Ca First Order Macaulay Approximation. !culate the approximate change in price of the bond if the yield rate increase by 0.5% using E Calculate the approximate change in price of the bond if the yield rate increase by 0.5% using First Order Modified Approximation. F Calculate the exact change in price of the bond