3. What is the Macaulay's duration of a bond with a $10,000 face value, 9.4% coupon, 3 years to maturity and a 8.4% YTM? (Assuming semi bond) a. 2.742years b. 2.713 years C. 2.687 years d. 2.455 years e. 2.216 years 4. What is the Macaulay's duration of a bond with a par value of $10,000 that has a coupon rate of 6.5 percent annually and a final maturity of two years? Assume that the required rate of return is 4 percent compounded semiannually. a. 1.949 years b. 1.910 years C. 1.876 years d. 1.713 years