1.Calculate the Macaulay duration of an 8 percent, $1,000 parbond that matures in three years if the bond??s YTM is 10 percentand interest is paid

1.Calculate the Macaulay duration of an 8 percent, $1,000 parbond that matures in three years if the bondâ??s YTM is 10 percentand interest is paid semiannually.a. Calculate this bondâ??s modified 2 answers