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A pension fund holds preferred shares paying $5 dividends per share per year. These dividends are paid in perpetuity. If the market currently requires a
A pension fund holds preferred shares paying $5 dividends per share per year. These dividends are paid in perpetuity. If the market currently requires a 7.83% rate on these preferred shares, calculate the Modified duration for these preferred shares. Enter your answer to 2 decimnal places
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
