The new price of Bond A is: 98.206 The new price of Bond B is: 100.000 Using the formula below and the prices calculated in the previous problem, calculate the approximate duration for Bond A and Bond B given a 100 basis point change (up and down) in market yields. Bond A: 8% coupon, 8% YTM, 2 years maturity, par 100, price $100 Bond B: 9% coupon, 8% YTM, 5 years maturity, par 100, price $104.055 The new price of Bond A is: 98.206 The new price of Bond B is: 100.000 Using the formula below and the prices calculated in the previous problem, calculate the approximate duration for Bond A and Bond B given a 100 basis point change (up and down) in market yields. Bond A: 8% coupon, 8% YTM, 2 years maturity, par 100, price $100 Bond B: 9% coupon, 8% YTM, 5 years maturity, par 100, price $104.055