You have decided to invest in a Green bond with a face value of 30 millions, coupon rate of 12%, maturity of 10 years and yield in the market of 10%,

Answer the following questions , which are not related to each other and use 4 decimals in your calculations, includes all information in your answer sheet.

1. How much would you pay at year 0 for this bond?
2. Calculate the Duration
3. Calculate the Modified Duration
4. What is the change in P (present value) of this investment if the yield rise in 0.0013?
5. During the first year of this investment, the yield changed from 10% to 11%, calculate the value of your investment at the end of year 7