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Problem 10-27 Calculating Duration (LO4, CFA6) A bond with a coupon rate of 8 percent sells at a yield to maturity of 10 percent. If

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Problem 10-27 Calculating Duration (LO4, CFA6) A bond with a coupon rate of 8 percent sells at a yield to maturity of 10 percent. If the bond matures in 15 years, what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Duration years Macaulay Modified years

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