The below bond is traded at yield 5.2 % and has seven (7) years to maturity. The face value is $1000 and coupons are paid semi-annually.

Bond	Coupon Rate
A	6.00%

(a) Calculate the price of the bond. (3 marks) (b) Calculate the duration of the bond. (5 marks) (c) Due to unforeseen circumstances, the last payment will be postponed to two years later. All other payments have no change. Calculate the new price and duration of the bond at the same yield. (12 marks)

Please write down the formulas and show the workings accurately.

Thank you