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Elsa has a portfolio consisting of the following: 4 0 0 shares of preferred stock with annual dividends of $ 0 . 2 6 1
Elsa has a portfolio consisting of the following:
shares of preferred stock with annual dividends of $
year $ zerocoupon bond
Find the Macaulay duration of Elsa's portfolio at Round your answer to three places after the decimal.
infty years
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