Question 11 1 pts A bond with a yield of 9.766% has a price of $999.8912 per $1000 of face value and a duration of 19. Suppose the yield changes to 9.541% pa. What is the approximate new price per $1000 par value? You may ignore the adjustment for convexity. $960.949 $1038.913 $960.869 $1001.941 $1038.833 Question 12 1 pts Consider the following two bonds: Bond 1 matures exactly 29 years from today and has a coupon rate of 3% pa. It pays semi-annual coupons and is currently priced to yield 5.47% pa. Its market price is $64.2861 per $100 par value. Its duration is 16.932 years. Bond 2 matures exactly 6 years from today and has a coupon rate of 3% pa. It pays semi-annual coupons and is currently priced to yield 5.47% pa. Its market price is $87.51 per $100 par value. Its duration is 5.495 years A portfolio manager has today invested $149 million in Bond 1 and $284 million in Bond 2.The duration of this portfolio (in years) is closest to 13.91 09:43 16.93 7.75 18.86