Question
Consider a three-year annuity which pays 100 AUD every year. The market interest rate is 10%. Calculate the duration of the annuity. Select one: a.
Consider a three-year annuity which pays 100 AUD every year. The market interest rate is 10%. Calculate the duration of the annuity.
Select one:
a. 194
b. 1.94
c. 364
d. 3.64
e. None of the other answers is correct.
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
