11. (Annuity duration o) Find the duration D and the modified duration D, of a perpetual annuity...
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11. (Annuity duration o) Find the duration D and the modified duration D, of a perpetual annuity that pays an amount A at the beginning of each year, with the first such payment being 1 year from now. Assume a constant interest rate compounded yearly [Hint It is not necessary to evaluate any new summations.]
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