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A financial instrument provides three future cash flows: $2,411.24 at the end of 3 years $2,925.09 at the end of 6 years $2,449.46 at the
A financial instrument provides three future cash flows:
- $2,411.24 at the end of 3 years
- $2,925.09 at the end of 6 years
- $2,449.46 at the end of 10 years
Calculate the duration (D) of the financial instrument at a yield of 7% pa compounded yearly. Give your answer in years to 2 decimal places.
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The Handbook Of News Analytics In Finance
Authors: Gautam Mitra, Leela Mitra
1st Edition
047066679X, 978-0470666791
