The table below shows the time to maturity for 3 bonds, a 2-year, 3-year, and 5-year. Each annual coupon bond has a yield to maturity of 5.31% and a coupon rate of 3.39%.

Estimate the percent change in bonds price to a percent change in the interest rate, assuming a 10 basis point change in the interest rates. Then determine the elasticity and duration of the bond.

Maturity	Estimated	Elasticity	Duration
2-year Bond
3-year Bond
5-year Bond