Mustafa's portfolio consists of an annuity with monthly payments of $1,000 each month for five years and

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Mustafa's portfolio consists of an annuity with monthly payments of $1,000 each month for five years and a $20,000 8% eight-year par-value bond bearing semiannual coupons. Calculate the Macaulay duration of the portfolio at 9%.

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Posted Date: Oct 18, 2020 12:47 AM

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Mustafa's portfolio consists of an annuity with monthly payments of $1,000 each month for five years and

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Answer Macaulay duration 945 Stepbystep explanation Current bond price C n 1 ... View the full answer

Fundamentals of Corporate Finance

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