Please do by hand without financial calculator.

Problem 54.3 A 10 year bond has annual coupons of 10 and matures for 100. Which of the following are true: (1) The term to maturity is 10 years. (II) The average term to maturity using the method of equated time is 7.5 years. (III) The Macaulay duration at 8% interest is 6.97. (IV) The modified duration at 8% interest is 6.45. Problem 54.3 A 10 year bond has annual coupons of 10 and matures for 100. Which of the following are true: (1) The term to maturity is 10 years. (II) The average term to maturity using the method of equated time is 7.5 years. (III) The Macaulay duration at 8% interest is 6.97. (IV) The modified duration at 8% interest is 6.45