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Please calculate X and Y A company owes 500 and 1000 to be paid in 2 years and 7 years from now, respectively. The company
Please calculate X and Y
A company owes 500 and 1000 to be paid in 2 years and 7 years from now, respectively. The company will set up an investment program to match the present value and the Macaulay duration of the above obligation. The annual effective interest rate is 8%. The investment program produces asset cash flows of X in 3 years and Y in 6 yearsStep by Step Solution
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