mpute the Macaulay duration under the following conditions: a. A bond with a four-vear term to maturity, a \10 coupon (annual payments), and a market yicid of \7. Do not round intermediate calculations. Round your answer to two dedmal places. You may use Appendix c to answer the questions. Assume \\( \\$ 1,000 \\) par value. years b. A bond with a four-vear term to maturity, a 10\\% coupon (annual paymente), and a market yield of \12. Do not round intermediate caiculations. found your answer to two dedmal places, You may use Appendix \\( \\mathrm{g} \\) 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 yicld increases, the Macaular duration. If the durstion of the portfolio from Part a is equal to the desired investment horizon the portfolio from Part \\( b \\) is perf ized. Dompute the Macaulay duration under the following conditions: 2. A bond with a four-year term to maturity, a \10 coupon (annual payments), and a market yield of \7. 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 \10 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 cto answer the questions. Assume \\( \\$ 1,000 \\) par value. years c. Compare your answers to Parts a and b, and discuis the implications of this for classical immunization. As a market vield increases; the Macaular duration If the duration of the portfolio from Part a is equal to the desired investment horizon the portfolio from Part b is perfectly immunized. mpute the Macaulay duration under the following conditions: a. A bond with a four-vear term to maturity, a \10 coupon (annual payments), and a market yicid of \7. Do not round intermediate calculations. Round your answer to two dedmal places. You may use Appendix c to answer the questions. Assume \\( \\$ 1,000 \\) par value. years b. A bond with a four-vear term to maturity, a 10\\% coupon (annual paymente), and a market yield of \12. Do not round intermediate caiculations. found your answer to two dedmal places, You may use Appendix \\( \\mathrm{g} \\) 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 yicld increases, the Macaular duration. If the durstion of the portfolio from Part a is equal to the desired investment horizon the portfolio from Part \\( b \\) is perf ized. Dompute the Macaulay duration under the following conditions: 2. A bond with a four-year term to maturity, a \10 coupon (annual payments), and a market yield of \7. 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 \10 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 cto answer the questions. Assume \\( \\$ 1,000 \\) par value. years c. Compare your answers to Parts a and b, and discuis the implications of this for classical immunization. As a market vield increases; the Macaular duration If the duration of the portfolio from Part a is equal to the desired investment horizon the portfolio from Part b is perfectly immunized
