An investment pays 2000 at the end of year 1 and 4000 at the end of year

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An investment pays 2000 at the end of year 1 and 4000 at the end of year 3. It is purchased to yield a 7.2% annual effective rate.

What is the Macaulay duration of this investment?

Related Book For answer-question

Corporate Finance A Focused Approach

ISBN: 978-1305637108

6th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: Jun 21, 2023 02:26 AM

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An investment pays 2000 at the end of year 1 and 4000 at the end of year

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Present Value Duration 1 PresentValue ... View the full answer

Corporate Finance A Focused Approach

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