Question: 1a calculate the price and duration for the following bond...

1.a. Calculate the price and duration for the following bond when the going rate of interest is 3%. The bond offers 2.75% coupon rate, matures in 3 years and has a par value of $1,000. Show full calculations in the table below.

YR	PV of $ 1 at 3%	Bond Cash Flows	PV (Cash Flows)	Year * Present Value of Cash Flow
1
2
3
3
Total

Price =                                                                                                    

Duration