Hi Sorry I have two questions

1.)

If the S&P 500 index is at 2,888, then the cash value of an S&P 500 index option is

Select one:

A. $28.88.

B. $28,880.

C. $288,800.

D. $2,888.

2.)

A $1,000 par value, 7% annual coupon bond matures in 4 years. The bond is currently priced at $1,034.65 and has a YTM of 6.0%. and has a Macaulay duration of 3.61 years. What is the modified duration?

Select one:

A. 3.41 years

B. 4.04 years

C. 3.63 years

D. 3.18 years