Question
A perpetuity pays $100 each and every year forever. The duration of this perpetuity will be __________ if its yield is 8.0%. 7.41 8.00 6.00
A perpetuity pays $100 each and every year forever. The duration of this perpetuity will be __________ if its yield is 8.0%.
7.41
8.00
6.00
13.50
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
