Consider these statements: Statement 1: The Macaulay duration and Modified duration for a zero-coupon bond are equal. Statement 2: For option-free bonds, the convexity effect is a decrease in the value of the bond compared to the expected price effect of duration alone. Which statements are correct?

		Both statements are correct.
		Both statements are not correct.
		Only statement 1 is correct.
		Only statement 2 is correct.