15 1 points Save Answer Hint: D= 1+ y (1+ y) + (c - y) c[(1 + y) - 1] + y The Macaulay Duration of a bond with the following characteristics is [TWO-decimal places] years. CN Maturity(yrs) CpnRate MktRate Face feature 2 6% 8% $100 noncallable Instructions: You do not need to show work. Just calculate this to 2-decimal places and type your answer in the box below. 30 IMPORTANT: Your number format should be exactly TWO-decimal places. For example 54.12 and 0.12 would be acceptable, while 54.123 and .12 would be auto-graded incorrectly