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You are a bond analyst and own a bond with the following characteristics Par=1000 Coupon=47.40 Years to maturity= 5 Interest Frequency =Annual Yield Maturity= 5.25%

You are a bond analyst and own a bond with the following characteristics Par=1000 Coupon=47.40 Years to maturity= 5 Interest Frequency =Annual Yield Maturity= 5.25% What is the coupon rate of the bond What is the price of the bond Asume the settlement date of the bond is 11/20 and the maturity date is 10/31/25. The bond has a duration of 4.5 years. Now assume that the bond pays interest semi-annually, what is the bonds modified duration (use Excel function to solve) Now assume that the bond pays interest semi-annually, what is the bonds modified duration (use Excel function to solve) If the bonds yield to maturity is expected to increase to 5.75%, what is the expected change in the price of the bond\

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