Use the following information for Questions 3-8 below. Consider a bond with the following features and a hypothetical settlement date of 10 October 2019. Annual Coupon 5% Coupon Payment Frequency Semiannual Interest Payment Dates 30 December and 30 June Maturity Date 30 December 2020 Day-Count Convention 30/360 Annual Yield-to-Maturity 6% You want to calculate the bond's Macauley duration using the following table: Time to Receipt Cash Flow Present Value Weight Time * Weight Period 1 2 3 X 3. What is the value of X in this table? Round your answer to three decimal places, 4. Use the formula to solve for the Macaulay Duration for the bond described in Question 3 above. Round your answer to three decimal places and do not forget to annualize your measure