Question: Cind 4. Using the tabular method, calculate both the Macaulay's Duration and Modified Duration of an 8 year, fully amortizing, annual payment mortgage with a

Cind 4. Using the tabular method, calculate both the Macaulay's Duration and Modified Duration of an 8 year, fully amortizing, annual payment mortgage with a 6% contract interest rate (APR), which is currently selling to offer a yield-to-maturity (YTM) of 8%. (10 points)

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