A bond has payments of $100 in one year, $100 the following year, and then $1,100 the

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A bond has payments of $100 in one year, $100 the following year, and then $1,100 the year after that. If the discount rate is 6%, what is the Macaulay Duration of this set of payments?

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Posted Date: Jan 18, 2024 02:17 AM

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A bond has payments of $100 in one year, $100 the following year, and then $1,100 the

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Year 1 Cash Flow Present Value 100 1 0061 9434 rounded to two decimal pl... View the full answer

Financial Accounting A Critical Approach

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