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1) A semi-annual bond that pays 6.25% has 4 years to maturity. Its yield to maturity is 8% and its par is $100. What is

1) A semi-annual bond that pays 6.25% has 4 years to maturity. Its yield to maturity is 8% and its par is $100. What is the modified duration for this bond (D*)?

2) A semi-annual bond that pays 6.25% has 4 years to maturity. Its yield to maturity is 8% and its par is $100. What is the Macaulay duration for this bond (D)?

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