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An asset provides three cash inflows: $300 in 2 years, $450 in 6 years, and $700 in 9 years. Given an effective annual interest rate
An asset provides three cash inflows: $300 in 2 years, $450 in 6 years, and $700 in 9 years. Given an effective annual interest rate of 4%, find the duration of the asset, i.e. Macaulay duration. Possible Answers A 6.09 B 6.33 C 6.85 D 7.13 E 7.59
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