Question: NOTE: Macaulay answer is not right in this but somehow modified is. What is the Macaulay duration of a bond with a coupon of 6.6

NOTE: Macaulay answer is not right in this but somehow modified is.

What is the Macaulay duration of a bond with a coupon of 6.6 percent, seven years to maturity, and a current price of $1,069.40 ? What is the modified duration? (Do not round intermediate calculations. Round your answers to 3 decimal places.) Answer is complete but not entirely correct

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