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Suppose you will go to graduate school for 4 years beginning in year 5. Tuition is $30,868 per year, due at the end of each
Suppose you will go to graduate school for 4 years beginning in year 5. Tuition is $30,868 per year, due at the end of each school year. What is the Macaulay duration (in years) of your grad school tuitions? Assume a flat yield curve of 0.05.
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