What is the Macaulay and Modified duration of the bond shown in Table Two? ...
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What is the Macaulay and Modified duration of the bond shown in Table Two?
Table Two
Ten Year Bond Data
| Years to Maturity | Coupon Rate
| Price | Yield-to-Maturity | Macaulay Duration | Modified Duration |
| 10 | 5% | $100.000 | 5.000% | ? | ? |
Please provide your answer justification in excel if applicable and show all formulas. If not a detailed written response is acceptable. I will like if correct and the explanation is sufficient!
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