Find the duration D and the modified duration DM t of a perpetual annuity that pays an amount A at the beginning of each year, with the first such payment being 1 year from now Assume a constant interest rate r compounded yearly | Numerade
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Find the duration D and the modified duration DM t of a perpetual annuity that pays an amount A at the beginning of each year, with the first such payment being 1 year from now
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