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A perpetuity pays 100 on July 1, 2014. Each payment is made on July 1. The amount of each payment is 2.5% more than the
A perpetuity pays 100 on July 1, 2014. Each payment is made on July 1. The amount of each payment is 2.5% more than the payment the previous year. The modified duration calculated on January 1, 2014 is X. Given an annual effective rate of 5%, calculate X 39.5 B 40.0 C 40.5 D 41.0 E 41.5
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Accounting Principles Part 3
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306805, 978-1118306802
