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Intro A corporate pension plan has to make the following payments over the next few years: Year 1 2 3 4 Amount ($ million) 26

Intro

A corporate pension plan has to make the following payments over the next few years:

Year 1 2 3 4
Amount ($ million) 26 30 36 44

The appropriate discount rate is 5%.

Attempt 1/1 for 10 pts.

Part 1

What is the duration of the liability?

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