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A bond with a coupon rate of 9 percent selis at a yield to maturity of 11 percent if the bond matures in 15 years,

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A bond with a coupon rate of 9 percent selis at a yield to maturity of 11 percent if the bond matures in 15 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.) A bond with a coupon rate of 9 percent selis at a yield to maturity of 11 percent if the bond matures in 15 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.)

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