Try it: Duration Value of the bond is 1000 1. Consider a bond that has a coupon rate of 5 percent, five years remaining to maturity, and is priced to yield 4%. Assume semi-annual interest. What is the effective duration for this bond? b. What is the approximate change in price if the yield increases from 4% to 5%? a. 2. Consider a bond that has a coupon rate of 5 percent, ten years remaining to maturity, and is priced to yield 4%. Assume semi-annual interest. a. What is the effective duration for this bond? b. What is the approximate change in price if the yield increases from 4% to 5%