dite the Macsulay duration under the following conditions: a. A bond with a four-year term to maturity, an 8% coupon (annual poyments), and a market yleid of 79%. Do not round intermediate calculations. Round your answer to two decimal places. You may use Appendix. C to answer the questions. Aspume $1,000 par value. yeat b. A bond with a four-year term to maturty, an 8% coupon (annual payments), and a market yield of 12%6. Do not round intermediate calculations. Round your answer to two decimal piaces. You may use Appendix C to answer the questions. Assume $1,000 par value. years c. Compare your anmers to Parts a and b, and discuss the implicatiens of this for classical immunization. As a market yield increases, the Macaulay duration If the duration of the portfolio from Part a is equal to the desired investment horizon the pertolio from Part b is perfectiy imerinized. dite the Macsulay duration under the following conditions: a. A bond with a four-year term to maturity, an 8% coupon (annual poyments), and a market yleid of 79%. Do not round intermediate calculations. Round your answer to two decimal places. You may use Appendix. C to answer the questions. Aspume $1,000 par value. yeat b. A bond with a four-year term to maturty, an 8% coupon (annual payments), and a market yield of 12%6. Do not round intermediate calculations. Round your answer to two decimal piaces. You may use Appendix C to answer the questions. Assume $1,000 par value. years c. Compare your anmers to Parts a and b, and discuss the implicatiens of this for classical immunization. As a market yield increases, the Macaulay duration If the duration of the portfolio from Part a is equal to the desired investment horizon the pertolio from Part b is perfectiy imerinized