to (b) A bond currently sells for RM920 based on a par value of RM1,000 and promises RM90 in coupon payment for three years before being retired. Yields maturity on comparable-quality securities are currently at 12 percent. 1) Calculate the bond's duration. (8 marks) ii) 3/5 Suppose interest rates in the market fall to 10 percent. Calculate the approximate percent change in the bond's price? (4 marks)