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David will receive payments of at the times indicated in the table. Assume the current annual rate of interest is 7% and that the net

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David will receive payments of at the times indicated in the table. Assume the current annual rate of interest is 7% and that the net present value of this investment is $1983.88. time 1 payment 900 600 1100 Be sure to clearly label your answers. (b) Calculate the Modified duration for this investment. (c) Calculate convexity for this investment

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