What is the Macaulay duration of a bond with a coupon of 7.2 percent, five years to maturity, and a current price of $1,027.60? What is the modified duration?

Chapter 10: Problem solving II i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2 What is the Macaulay duration of a bond with a coupon of 7.2 percent, five years to maturity, and a current price of $1,027.60? What is the modified duration? Note: Do not round intermediate calculations. Round your answers to 3 decimal places. 2 points Answer is complete but not entirely correct. Macaulay Modified Duration 4.381 Years 4.113 Years Return to question