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Which one of the following bonds would you select if you thought market interest rates...

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Accounting

Which one of the following bonds would you select if you thought market interest rates were going to fall by 50 basis points over the next six months?
a. A bond with a Macaulay duration of 8.18 years that's currently being priced to yield 8.16%.
b. A bond with a Macaulay duration of 19.77 years that's priced to yield 9.55%.
c. A bond with a Macaulay duration of 7.39 years that's priced to yield 6.06%.
a. The modified duration for a bond with a Macaulay duration of 8.18 years that's currently being priced to yield 8.16% is years. (Round to two decimal places.
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