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THE ANSWER IS NOT 7.664 AND 7.107 PLEASE HELP ME WITH THIS PROBLEM. THANK YOU! What is the Macaulay duration of a bond with a

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THE ANSWER IS NOT 7.664 AND 7.107

PLEASE HELP ME WITH THIS PROBLEM. THANK YOU!

What is the Macaulay duration of a bond with a coupon of 8.4 percent, eleven years to maturity, and a current price of $1,041.40? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Duration Macaulay Years Years Modified

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