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Please help ASAP The Macaulay duration of an investment that pays 51 at time 3 and 85 at time 10 is equal to 6 at
Please help ASAP
The Macaulay duration of an investment that pays 51 at time 3 and 85 at time 10 is equal to 6 at an effective annual interest rate of I. Compute I.
Choose correct answer:
a.
11.9%
b.
12.1%
c.
9.4%
d.
10.2%
e.
11.2%
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