Question 2 Find the duration of a bond that pays quarterly coupon of $25 ($25 every quarter), given that the time to maturity is 2 years, yield to maturity 8% p.a. compounded quarterly, and face vale equals $1,000. Make sure to show the duration table and explain the final answer. (30 marks) Question 3 How much you need to deposit to day in an account pays 5% annually, compounded daily, in order to make a daily payment of $370 for 8 years? (15 marks)