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the answers are 1114.69 and 1136.60 but dont know how to find those The current price of a noncallable bond with annual coupons is $1,120.30,

image text in transcribed the answers are 1114.69 and 1136.60 but dont know how to find those
The current price of a noncallable bond with annual coupons is $1,120.30, and the current annual yield is 4.25%. The modified duration D (.0423, 4) 3.58. Estimate the price of the bond if the yield increases to 4.4%. About what would the price be if the discount rate decreases to an annual effective rate of 3.7%

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