Question
Find the duration D and the modified duration DM of a perpetual annuity that pays an amount twice a year, with the first such payment
Find the duration D and the modified duration DM of a
perpetual annuity that pays an amount twice a year, with the first such payment being six months from now. Assume a constant interest rate r compounded semiannually.
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
