Question: Is this correct? Please help, even one decimal off and its wrong, will provide 5 stars What is the Macaulay duration of a bond with

Is this correct? Please help, even one decimal off and its wrong, will provide 5 stars

What is the Macaulay duration of a bond with a coupon of 8.6 percent, twelve years to maturity, and a current price of $1,043.70? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.)

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