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A financial instrument provides three future cash flows: $ 1 , 3 1 8 . 2 7 at the end of 5 years $ 2
A financial instrument provides three future cash flows:
$ at the end of years
$ at the end of years
$ at the end of years
Calculate the duration D of the financial instrument at a yield of pa compounded yearly. Give your answer in years to decimal places.
D years
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