a,b,c

11 Which one of the following bonds would you select if you thought market interest rates were going to fall by 50 basis points over the next six months? a. A bond with a Macaulay duration of 6.31 years that's currently being priced to yield 8.02%. b. A bond with a Macaulay duration of 15.54 years that's priced to yield 9.97%. c. A bond with a Macaulay duration of 8.36 years that's priced to yield 7.03%. a. The modified duration for a bond with a Macaulay duration of 6.31 years that's currently being priced to yield 8.02% is years. (Round to two decimal places.) an