Question
Two different level annuities-due each make annual payments and have the same yield. Rens annuity is a 3-year annuity with a Macaulay duration of 0.96
Two different level annuities-due each make annual payments and have the same yield. Rens annuity is a 3-year annuity with a Macaulay duration of 0.96 years. Stimpys annuity is a 4-year annuity with a Macaulay duration of X years. Find X.
(A) 1.1
(B) 1.3
(C) 1.4
(D) 2.0
(E) 2.4
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Economics For Financial Markets
Authors: Brian Kettell
1st Edition
0750653841, 978-0750653848
