Atlantic Oil is a well-established energy company, looking to re-focus activities on more sustainable green energy production. The company plans to build a number of wind farms across Europe and has issued $600 million of bonds to fund the project The bonds have the following characteristics: Nominal Value: $100 Coupon rate: 5% Yield to maturity: 6% Time to maturity: 4 years Coupon payment frequency: annual Credit rating: BBB+ i. Calculate the bond’s price ii. Calculate the bond’s Macaulay duration iii. Calculate the bond’s modified duration

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