Question
What is the Modified Duration of the following loan? (round to two places) You will pay $12,000 of principal in one year, $8,000 of principal
What is the Modified Duration of the following loan? (round to two places) You will pay $12,000 of principal in one year, $8,000 of principal in two years, and the final $5,000 of principal in three years. Interest, at 5%, is due annually at the end of the year.
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
