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11. Using EXCEL's Text Box Feature, a. Explain how investors could apply Macaulay duration principles to make bond investment decisions. b. Explain the profit and
11. Using EXCEL's Text Box Feature, a. Explain how investors could apply Macaulay duration principles to make bond investment decisions. b. Explain the profit and loss possibilities that may arise for an individual who invests in a call option. i. Be sure to explain what a call option is. ii. Be sure to incorporate the cost of the call option in your analysis
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