pute the Macaulay duration under the followino conditions: a. A bond with a four-year term to maturity, an \8 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, an \8 coupon (annual payments), and a market yield of \12. Do not round intermediate calculaticns. Round your answer to two decimal places. You may use Appendx \\( \\mathrm{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 investrment horizon the portfolio from Part b is mpute the Macaulay duration under the following conditions: a. A bond with a four-year term to maturity, an \8 coupon (annual parments), and a market yield of \7. Do not round intermediate caiculationsi. Found 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, an 8\\% coupon (annuat payments), and a market yleld of \12. Do not round intermediate calculations. Round your answer to two decimal places, You may use Appendix \\( \\in \\) to answer the questions. Assume \\( \\$ 1,000 \\) par value. vears c. Compare vour 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 desined investment horizon the portfolio from Part \\( b \\) is perfectly inmunized