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Question 8 (10 marks) Four of your friends owe you money. You have detailed how much they owe you and when it is due in
Question 8 (10 marks) Four of your friends owe you money. You have detailed how much they owe you and when it is due in the table below. Friends Amount_Owed Debt_Due Leandra Stephenson R8000 4 years Jeffrey Britton R1600 9 years Christopher Karr R4500 2 years Jameela el-Abed R8900 10 years Assuming a yield to maturity of 13.35%, calculate the Macaulay duration of your debt. A) 5.9399 years B) 4.9499 years C) 5.0489 years D) 5.7171 years E) 6.6081 years
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