Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. A bond with a coupon rate of 12 percent sells at a yield to maturity of 14 percent. If the bond matures in 15 years what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) 8 Answer is complete but not entirely correct. Duration Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. A bond with a coupon rate of 12 percent sells at a yield to maturity of 14 percent. If the bond matures in 15 years what is the Macaulay duration of the bond? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) 8 Answer is complete but not entirely correct. Duration