1) A two-year, $1,000 (i.e., face value) bond that pays an annual coupon of 8 percent and trades at a yield of 8 percent.

Calculate Macaulay duration.

Group of answer choices

1.9259 years

1.9247 years

2 years

1.7833 years

1.9106 years

2)

Assume the same information as in the previous question.

A two-year, $1,000 (i.e., face value) bond that pays an annual coupon of 8 percent and trades at a yield of 8 percent.

Calculate Modified Duration.

Group of answer choices

1.7833 years

1.9247 years

2 years

1.7691 years

1.9259 years

3)

A two-year, $1,000 (i.e., face value) bond that pays a semi-annual coupon of 7 percent and trades at a yield of 12 percent. Calculate Macaulay duration.

Enter your answer rounded to 2 decimals, and without any units. So, for example, if your answer is 3.4568, then just enter 3.46.