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A bond with a coupon rate of 10 percent sells at a yield to maturity of 12 percent. If the bond matures in 11 years,

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A bond with a coupon rate of 10 percent sells at a yield to maturity of 12 percent. If the bond matures in 11 years, what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) X Answer is complete but not entirely correct. Duration Macaulay 4.638 X years Modified 4.375 X years

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