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Problem 10-29 Calculating Duration (L04, CFA6) You find a bond with 28 years until maturity that has a coupon rate of 7 percent and a

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Problem 10-29 Calculating Duration (L04, CFA6) You find a bond with 28 years until maturity that has a coupon rate of 7 percent and a yield to maturity of 9 percent. What is the Macaulay duration? The modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Duration Macaulay Modified years years Prey 9 of 10 Nort

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