1. The duration of a bond with a coupon rate of 6.5% (paid annually), a yield to maturity of 6.5% and a remaining time to maturity of 4 years is

   1. 	A.	3.65 years.
      	B.	3.45 years.
      	C.	3.85 years.
      	D.	4.00 years.

   2. An 8%, 30-year corporate bond was recently being priced to yield 16%. The Macaulay duration for the bond is 10.4 years. Given this information, the bond's modified duration would be

      1. 	A.	8.05.
         	B.	8.97.
         	C.	9.22.
         	D.

2. An 8%, 30-year corporate bond was recently being priced to yield 16%. The Macaulay duration for the bond is 10.4 years. Given this information, the bond's modified duration would be

3. 	A.	8.05.
   	B.	8.97.
   	C.	9.22.
   	D.