The current annual yield rate for a 4 year 1.75% $30,000 bond paying annual coupons is 2.950%, so the bond is trading at a price of $28,660.24. Use the First Order Modified Duration Approximation to find the price of the bond if the annual yield changes to 3.770%. (The original version of this question had a typo, so it wont count for this quiz.) O a. $27.817.77 O b. $27,886.25 C. $27,778.31 O d. $27,771.03 e. $27,834.34 Certainty : C=1 (Unsure: 67%) C=3 (Quite sure: >80%)