Find the Macaulay duration and the modified duration of a 15 -year, 11.0% corporate bond priced to yield 9.0%. According to the modified duration of this bond, how much of a price change would this bond incur if market yields rose to 10.0% ? Using annual compounding, calculate the price of this bond in one year if rates do rise to 10.0%. How does this price change compare to that predicted by the modified duration? Explain the difference. The Macaulay duration is years. (Round to two decimal places.) The modified duration is years. (Round to two decimal places.) If market yields rose to 10.0%, the change would be %. (Round to two decimal places.) Using annual compounding, the price of this bond in 1 year if rates do rise to 10.0% is $ (Round to the nearest cent.) The actual percentage change in bond price is \%. (Round to two decimal places.) Which of the following is true? (Select the best choice below.) A. Duration is not a good predictor of price volatility if interest rates undergo a big swing because of the convex relationship of a bond's price-yield relationship. B. Duration is a good predictor of price volatility if rates change less than 2%. C. Duration is not a good predictor of price volatility if rates change more than a basis point. D. Duration is a good predictor of price volality because of the convex relationship of a bond's price-yield relationship