QUESTION 10 Which duration metric is net directly used to determine a bond's expected percent price change in response to interest rate changes? Macaulay Duration Modified Duration Effective Duration QUESTION 11 What is the quoted margin of a floating rate bond? t equal to the bid price meus the ask price of a floating rato note The spread added to the benchmark rate for purpose of discounting cash flows The spread added to the benchmark rate for purposes of calculating the coupon O is the price quoted in the market for floating-rate notes