Consider the following bond:Interest Rate$5\mathrm{.}25\%$Maturity$7$Coupon$$42\mathrm{.}50$Face Value$$1,000$ Calculate the bond's Modified Duration assuming that the Yield$-$to$-$Maturity $($YTM$)$ of the bond is $5\mathrm{.}25\%.($Remember$,$ the Modified Duration is the Macaulay Duration $/(1+$ YTM$)).$