What is the Macaulay duration and

modified duration of a 5-year bond with

6% coupon rate (semi-annual payments)

and selling to a yield of 9%?Select one:

a. Macaulay duration = 3.76,

modified duration = 3.45

b. Macaulay duration = 3.97,

modified duration = 3.80

c. Macaulay duration=4.35,

modified duration = 4.16

d. Macaulay duration = 4.39,

modified duration = 4.27