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  3. 9. a. calculate the duration of a 6 percent, $1,00

9. a. Calculate the duration of a 6 percent, $1,000 par bond maturing in three...

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9. a. Calculate the duration of a 6 percent, $1,000 par bond maturing in three years if the yield to maturity is 10 percent and interest is paid semiannually. Calculate the modified duration for a 10-year, 12 percent bond with a yield to maturity of 10 percent and a Macaulay duration of 7.2 years b

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