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Q5.Zero-coupon Bonds.(Please solve this question manually.) a. What is the price of a zero-coupon bond with $100 face value that matures in seven years and

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Q5.Zero-coupon Bonds.(Please solve this question manually.) a. What is the price of a zero-coupon bond with $100 face value that matures in seven years and has a yield of 7%? We assume that the compounding frequency is semiannual. b. What is the bond's modified duration? c. Use the modified duration to find the approximate change in price if the bond yield rises by 15 basis points

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