Consider a semiannual pay bond with two years to maturity, a 6 percent coupon, and a yield to maturity of 8 percent.
The Macaulay and modified duration of this bond are closest to: A. 1.94 and 1.86. B. 1.91 and 1.84. C. 1.96 and 1.84. D. 1.86 and 1.74.
