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| rev | Admin | (Created page with "A common stock pays dividends at the end of each year into perpetuity. Assume that the dividend increases by 2% each year. Using an annual effective interest rate of 5%, calculate the Macaulay duration of the stock in years. <ul class="mw-excansopts"><li>27</li><li>35</li><li>44</li><li>52</li><li>58</li></ul> {{soacopyright | 2023 }}") | Nov 20'23 at 0:22 | +339 |