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mpute 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 \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 9\\% coupon (annual payments), and a market yield of \11. 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 . If the duration of the portfolio from Part \\( a \\) is equal to the desired investment horizon the portfolio from Part b perfectly immunized