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An annuity provides the following payments: i ) X at the beginning of each year for 2 0 years, starting today ii ) 4 X
An annuity provides the following payments:
i X at the beginning of each year for years, starting today
iiX at the beginning of each year for years, starting years from today
Calculate the Macaulay duration of this annuity using an annual effective interest rate of
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
