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A perpetuity immediate has payments of 1.05, (1.05)^2, etc. What is the Macaulay duration of this annuity at an annual rate of 10%?
A perpetuity immediate has payments of 1.05, (1.05)^2, etc. What is the Macaulay duration of this annuity at an annual rate of 10%?
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The Handbook Of Fixed Income Securities
Authors: Frank Fabozzi, Steven Mann
8th Edition
0071768467, 978-0071768467
