An Fl purchases a $9.500 million pool of commercial loans at par. The loans have an interest rate of 8%, a maturity of four years, and annual payments of principal and interest that will exactly amortize the loan at maturity. What is the duration of this asset? Select one: a. 2.40 b. 2.20 C. 2.10 d. 2.25 Calculate the modified duration of a two-year corporate loan paying 5 percent interest annually. The $50,000,000 loan is 100 percent amortizing, and the current yield is 10 percent annually. Select one: a. 1.234 b. 2.342 c. 1.432 d. 1.342