Diff selection: Mark the radio buttons of the revisions to compare and hit enter or the button at the bottom.
Legend: (cur) = difference with latest revision, (prev) = difference with preceding revision, m = minor edit.
Legend: (cur) = difference with latest revision, (prev) = difference with preceding revision, m = minor edit.
| rev | Admin | (Created page with "'''Solution: C''' Let <math>d_0</math> be the Macaulay duration at time 0. <math display = "block"> \begin{array}{l}{{d_{0}=\ddot{a}_{\overline{8}|0.05}=6.7864}}\\ {{d_{1}=d_{0}-1=5.7864}}\\ {{d_{2}=\ddot{a}_{\overline{7}|0.05}}}=6.0757 \\ {{\frac{d_1}{d_2}=\frac{5.7864}{6.0757}=0.9524}}\end{array} </math> This solution employs the fact that when a coupon bond sells at par the duration equals the present value of an annuity-due. For the duration just before the first...") | Nov 20'23 at 12:03 | +1,116 |