(d) Compute the Macaulay duration (to 1 decimal place) of a 6-year, 7%p.a. semi-annual coupon, par bond.(e) Compute the holding period yield (%pa to 1 decimal places) of an investor who was able to: (i) purchase the bond as a par bond, (ii) hold it for 5 years and to sell it when yields were 5%p.a. and (iii) was able to reinvest the coupons at 5%pa.(f)How does the Macaulay duration number relate to the relative size of the original vield to maturity and the realised holding period yield?