Use the following information for the next three questions, A 6% annual coupon bond has four years left to maturity, with 10% yield to maturity. The duration of the bond is 3.65 3. What is the modified duration of the bond? 4. If the market yield increases by 100 basis points (.e., from 10% to 11%), will price of the bond go up or down? Why? 5. If the market yield increases by 100 basis points (le, from 10% to 11%) what is the percentage change in bond price