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5. (5 points) The Macaulay duration of a perpetuity-immediate with level annual payments is 10 at an effective rate of interest i. Determine i. A.

5. (5 points) The Macaulay duration of a perpetuity-immediate with level annual payments is 10 at an effective rate of interest i. Determine i. A. 1% B. 10% C. 11.1% D. 37% E. 46.4%

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