Question
A payment of $4,250 is made at time t=2. A payment of $6,100 is made at time t =5 and a payment of $2,500 is
A payment of $4,250 is made at time t=2. A payment of $6,100 is made at time t =5 and a payment of $2,500 is made at time t=7. Using a yield rate of i = 5%, determine the value of the Macaulay duration.
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Valuation, Measuring And Managing The Value Of Companies
Authors: Tim Koller, Marc Goedhart, David Wessels
7th Edition
1119611865, 9781119611868
