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Write a macro function to estimate the Macaulay duration. Use the values given on sheet P 3 a to test your functionAnother way to calculate
Write a macro function to estimate the Macaulay duration. Use the values given on sheet
Pa to test your functionAnother way to calculate Macaulay duration is by using the
following formula:
where is the coupon rate per period.
The Macaulay duration is usually expressed in annual
terms. To convert it to an annual duration, divide the
Macaulay duration by the number of coupon payment
periods per year.
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