6. What is the Macaulay duration of a semiannual-pay 7.4 percent coupon bond with 6 years to maturity and a yield to maturity of 8.8 percent? Answer to two decimals, carry intermediate calcs. to four decimals. 9. A $1000 par, semiannual-pay bond has a current price of $1,060 has a modified duration of 5.56. What is the dollar value of an 01? Answer to two decimals. Carry intermediate calcs. to four decimals..