Compute Macaulay and modified durations for the following bonds: a. A 5-year bond paying annual coupons of 4.432% and selling at par. b. An 8-year bond paying semiannual coupons with a coupon rate of...

Compute Macaulay and modified durations for the following bonds:

a. A 5-year bond paying annual coupons of 4.432% and selling at par.

b. An 8-year bond paying semiannual coupons with a coupon rate of 8% and a yield of 7%.

c. A 10-year bond paying annual coupons of 6% with a price of $92 and maturity value of $100.