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13. You own a fixed income asset with a duration of five years. If the level...

13. You own a fixed income asset with a duration of five years. If the level of interest rates, which is currently 5%, goes down by 25 basis points, how much to expect the price of the asset to go up, in percentage terms?

14. If duration is 2.75 years, and the yield to maturity is 7%, what is the modified duration?

15. Change in YTM is 75 basis points. YTM is 8%. Duration is 15 years. What is the percentage price change of the bond?

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