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Calculate the Macauley duration and the modified duration of a 4-year zero-coupon bond with a face value of $1000 and a price of $708.42 (interest

Calculate the Macauley duration and the modified duration of a 4-year zero-coupon bond with a face value of $1000 and a price of $708.42 (interest is capitalized annually)

A. 4.0, 3.6698

B. 4.0, 3.8313

C. 4.4032, 4.0

D. 4.5, 3.6698

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