It was purchased to yield the annual rate of 9 if the
An investment pays 1000 in one year, 2000 at the end of the second year, and X at the end of the third year. It was purchased to yield the annual rate of 9%. If the Macauly duration is 2.5 Calculate X.
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an investment pays 1000 in one year 2000 at the end of the second year and x at the end of the third year it was
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