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Show that when maturity goes to infinity, the limiting value of duration D where is the annual yield and m is the number of coupon
Show that when maturity goes to infinity, the limiting value of duration D where is the annual yield and m is the number of coupon payment per year.
I know that D is the following:
How can I show that the when n goes to infinity, the second term goes to 0
1 + m 1++(-) (1+ )" 1] + m 1 + DStep by Step Solution
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