A financial instrument provides three future cash flows: $1,002.71 at the end of 3 years $2,276.85 at

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A financial instrument provides three future cash flows:

$1,002.71 at the end of 3 years $2,276.85 at the end of 6 years $2,774.78 at the end of 10 years

Calculate the duration (D) of the financial instrument at a yield of 8% pa compounded yearly. Give your answer in years to 2 decimal places.

Related Book For answer-question

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Mar 30, 2023 07:04 AM

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A financial instrument provides three future cash flows: $1,002.71 at the end of 3 years $2,276.85 at

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Intermediate accounting

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