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what is macaulay duration? USE THE FOLLOWING INFORMATION FOR QUESTIONS 5 & 6 You have 4 friends that each owe you money, shown in the

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what is macaulay duration?

USE THE FOLLOWING INFORMATION FOR QUESTIONS 5 & 6 You have 4 friends that each owe you money, shown in the table below. Assume the yield to maturity for all four debts is 17.28%. Debt Due Friends Kane Dillon Rihana Carter Jordynne Wilson Saleem al-Adel Amount Owed R5910 R9370 R7150 R7110 3 years 1 years 4 years 2 years

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