investments questions

3. Suppose you're a financial analyst who has been asked to provide some general information about duration as well as duration analysis of several bonds. You've determined the following two pieces of information: Bond A has a Macaulay duration of 6.5 years and a yield to maturity of 9.5. Bond B has a Macaulay duration of 5.8 years and a yield to maturity of 10.1. What does duration measure? Which of the two has a higher modified duration? Show your work and explain how you arrived et your answer You're also analyzing a US Treasury STRIPS with a maturity of 6 years and a current value or S456. What's the Macaulay duration (also known as effective duration) of this STRIPS? Show your work and how you arrived at your answer a. b. c