Question
An investment has the following payoffs: $50 in one year, $50 in two years, $50 in three years, and $1,050 in four years. The investment
An investment has the following payoffs: $50 in one year, $50 in two years, $50 in three years, and $1,050 in four years. The investment has a YTM of 4%. Calculate the duration (Macaulay duration, not modified duration).
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
1st Edition
1567930905, 978-1567930900
