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Consider the following portfolio of assets and liabilities. The time, t, is measured in years. Assets: A payment of 907.03 t = 1 and a

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Consider the following portfolio of assets and liabilities. The time, t, is measured in years. Assets: A payment of 907.03 t = 1 and a payment of 1,102.5 at t = 5. Liabilities: A payment of 2,000 at t = = 3. The interest rate is 5 % p.a. Calculate the effective duration of the Assets: Liabilities: Enter an answer correct to 2 decimal places

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