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Calculate the Macaulay duration D ( 0.05 , ) and the modified duration D ( 0.05 , 2 ) of a stock paying dividends of
Calculate the Macaulay duration D ( 0.05 , ) and the modified duration D ( 0.05 , 2 ) of a stock paying dividends of $100 at the end of the year, every year, forever, if the first dividend payment is exactly one year from now.
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