Question: Given the following information for a bond: Face Value = 100, Coupon Rate = 7.0239%, Years to Maturity = 2.41 Years, Market Rate = 2.95%,

Given the following information for a bond: Face Value = 100, Coupon Rate = 7.0239%, Years to Maturity = 2.41 Years, Market Rate = 2.95%, Coupon Frequency = 4 Find the value of Macaulay Duration and Modified Macaulay Duration. Show your complete solution for 10 points (tabular form in quarterly periods).

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