10% Coupon rate (annual) Yield to maturity Maturity Face value 5% 6 1000 Macaulay's Duration=- A multiple-choice question with one possible answer.(Required) 1. 5.5 2.0 4.1 3. 4.9 4. 6 2 Modified duration= A multiple-choice question with one possible answer.(Required) 1. 4.7 2.0 3.9 3. 5.2 4. O 5.7 3 When yield to maturity increases by 0.2%, by how much does the bond price will decline? A multiple-choice question with one possible answer.(Required) 1. 1.14% 2. O 0.94% 3. 1.04% 4. O 0.78%