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Problem 10-35 Duration (LO4, CFA6) A Treasury bond that settles on October 18, 2016, matures on March 30, 2035. The coupon rate is 6.15 percent

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Problem 10-35 Duration (LO4, CFA6) A Treasury bond that settles on October 18, 2016, matures on March 30, 2035. The coupon rate is 6.15 percent and the bond has a yield to maturity of 5.64 percent. What are the Macaulay duration and modified duration? (Use the duration function in Excel to solve the problem. Do not round intermediate calculations. Round your answers to 4 decimal places.) Answer is complete but not entirely correct. 11.3694 Macaulay duration Modified duration 10.7624

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