A bond portfolio consists of the following three fixed-rate bonds. Assume annual coupon payments and no accrued interest on the bonds. Prices are per 100 of par value. Maturity 8 years B 10 years 12 years 1) Calculate the bond portfolio's modified duration. Bond A Par Value Quoted Price 2,000,000 95.0000 4% 2,000,000 80.0000 4% 1,000,000 100.0000 6% 2) Calculate the bond portfolio's money duration. Yield-to- Maturity Macaulay Duration 6.4 8.8 10.2