Question: Select the correct definition for Macaulay's Duration. A.The time in months until all payments are received. B.The time in years until all payments are received

  • Select the correct definition for Macaulay's Duration.

  • A.The time in months until all payments are received.
  • B.The time in years until all payments are received
  • C.The time in months until 3/4 of payments are received
  • D.None of the above

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