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You may need to use Excel for this question! Question 2 9.8 pts An investor buys a 5 year bond with an 8% coupon paid

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You may need to use Excel for this question!

Question 2 9.8 pts An investor buys a 5 year bond with an 8% coupon paid annually. The bond has a yield to maturity of 7% and is purchased at a price of $104.100197 per 100 of par. As part of working through the steps to calculating Macaulay duration determine the weight of this bond's second cash flow. Then, using this process for all the bond's cash flows, determine the bond's Macaulay duration. A. Cash flow weight in the Macaulay duration calculation B. Macaulay duration of this bond. In your calculations, use all of the decimal places provided in the information. Round your answer to four decimal places

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