compute the Macaulay duration under the following conditions

A. a bond with a 4-year term to maturity a 9% coupon annual payments and a market yield of 8%, do not round intermediate calculations. round your answers to the two decimal places. you may use appendix c to answer the questions. assume $1,000 par value.

B. a bond with a 4-year term to maturity a 9% coupon annual payments and a market yield of 12%, do not round intermediate calculations round your answers to two decimal places you may use appendix c to answer the questions. assume $1,000 par value.

compare your answers to part A and B and discuss the implications of this classical immunization. as a market you'll increases the Macaulay duration if the duration of the portfolio from part A is equal to the desired investment horizon to the portfolio from part B is perfectly immunized.

Problem 13-08 Compute the Macaulay duration under the following conditions: a. A bond with a four-year term to maturity, a 9% coupon (annual payments), and a market yield of 8%. Do not round intermediate calculations. Round your answer to two decimal places. You may use Appendix C to answer the questions. Assume $1,000 par value. years b. A bond with a four-year term to maturity, a 9% coupon (annual payments), and a market yield of 12%. Do not round intermediate calculations. Round your answer to two decimal places. You may use Appendix C to answer the questions. Assume $1,000 par value. years C. Compare your answers to Parts a and b, and discuss the implications of this for classical immunization As a market yield increases, the Macaulay duration -Select If the duration of the portfolio from Part a is equal to the desired investment horizon the portfolio from Part bis perfectly immunized. Select