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Use the following information for the next 4 questions: A bond with par value of $1,000 pays 8% coupon annually and matures in 5 years.

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Use the following information for the next 4 questions: A bond with par value of $1,000 pays 8% coupon annually and matures in 5 years. Its yield to maturity is 6%. a) What is the bond's price? (2 pt, Answer format: 1010.20, include no $ symbol, round to 2 digits.) QUESTION 31 b) What is the bond's duration? (2 pt, Answer format: 5.24, round to 2 digits.) QUESTION 32 c) What is the bond's current yield? (1 pt, Answer format: 14.20, in percent, but include no % symbol, round to 2 digits.) QUESTION 33 d) If the YTM decreases to 5.75%, what is the predicted % change in bond's price using the concept of duration? (2pt, Answer format: 14.20, in percent, but include no % symbol, round to 2 digits.)

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