Question Completion Status: Usage of the 30/360 accrual convention is very common for Corporate bonds When using this convention, how many days are counted in February during a leap year? 30 O 26 O 29 QUESTION 2 Which duration metric is not directly used to determine a bond's expected percent price change in response to interest rate changes? Macaulay Duration Modified Duration Efective Duration 5 QUESTION 3 Duration is effective in estimating price changes relative to small changes in rates. How can this estimation be enhanced? Use the Macaulay Duration metric instead of Modified Duration Gather more data on bond pricing Use a convexity adjustment in additon to Duration