Suppose a hypothetical bond is currently priced at $$986.$ Its Macauley duration is $12\mathrm{.}34$ years.Yield$-$to$-$maturity is $6\mathrm{.}25\%.$ Interest is paid quarterly. If market interest rates decrease by $10\mathrm{.}0$basis points, estimate the new bond price. You may round to the nearest dollar. Show allformulas & calculations. Excel is optional. If you use Excel please include the spreadsheet.Refer to the following actual data on April $18,2024$ for Coca$-$Cola $($KO$)$ options to answerQuestions $3,4,$ & $5.[$Source: cboe.com$]$ Ignore commissions, fees, transaction costs, & taxes.Stock price $$58\mathrm{.}91$Expiration date of options: August $16,2024($i$.$e$.,4$ months later$)$Exercise $($or strike$)$ price: $$60/$shareCall option value: $$1\mathrm{.}75/$sharePut option value: $$2\mathrm{.}43/$shareU$.$S$.$ Treasury bill annual yield: $5\mathrm{.}41\%$