Use the following information to answer three questions below (12 to 14): Consider a 1.5-year, $1000 bond, with 7% coupon rate making semiannual coupon payment. The yield curve is flat at YTM=6%. 12. What is the price of the bond? 3 13. What is the duration of the bond? 14. Use the duration rule to calculate the change in price when interest rates go up by 3% (300 bps).