Answer the following questions for bonds A and B.

	Bond A	Bond B
Coupon	8%	9%
Yield to Maturity	8%	8%
Maturity (Years)	2	5
Par	$100.00	$100.00
Price	$100.00	$104.055

A. Calculate the Macaulay duration for bond A and bond B. B. Compute the modified duration for bond A and bond B. C. Compute the approximate duration for bond A and bond B using the shortcut formula by changing the yield for both bonds by 20 basis points. D. Compute the approximate convexity measure for bond A and bond B.