Chаpter 14: (Cоntinued frоm previоus question) Assume а hypotheticаl bond trading at a discount. Face Value: $1,000 Annual Coupon Rate: 4% Yield to Maturity (YTM): 6% Years to Maturity: 3 years Current Price: $946.54 Question: Evaluate the following statements regarding the Modified Duration of this bond: (i) The Modified Duration is approximately 2.72%. (ii) The Modified Duration is approximately 2.95%. (iii) The Modified Duration is exactly equal to the Macaulay Duration multiplied by (1 + YTM). (iv) The metric estimates that a 1% increase in the yield to maturity will decrease the bond's price by the modified duration. Which of the following represents the correct statement(s)?