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A fund will peed to pay out $2 million next year, $3 million the following year, and then $5 million in the fifth year. If

A fund will peed to pay out $2 million next year, $3 million the following year, and then $5 million in the fifth year. If the discount rate is 7%, what is the Macaulay duration of this set of payments? A. 3.15 B. 3.20 C. 3.10 D. 2.98

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