At a yield rate of j2 = 9%, an asset portfolio has a market value...
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Finance
At a yield rate of j2 = 9%, an asset portfolio has a market value of $890,000 and Macaulay duration of x-years. If the yield rate rises to j2 = 10.25%, the estimated market value of this asset portfolio is $852,875. What is the value of x?
A.
3.487
B.
3.508
C.
3.337
D.
3.844
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