Compute the Macaulay duration under the following conditions: a. A bond with a four-year term to...

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Compute the Macaulay duration under the following conditions: a. 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 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. Part b is -Select- As a market yield increases, the Macaulay duration -Select- perfectly immunized. If the duration of the portfolio from Part a is equal to the desired investment horizon the portfolio from Compute the Macaulay duration under the following conditions: a. 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 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. Part b is -Select- As a market yield increases, the Macaulay duration -Select- perfectly immunized. If the duration of the portfolio from Part a is equal to the desired investment horizon the portfolio from