Mathematics, 03.03.2020 05:57 BLASIANNkidd

Annuity A pays 1 at the beginning of each year for three years. Annuity B pays 1 at the end of each year for four years. The Macaulay duration of Annuity A at the time of purchase is 0.93. Both annuities offer the same yield rate. Calculate the Macaulay duration of Annuity B at the time of purchase.

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Annuity A pays 1 at the beginning of each year for three years. Annuity B pays 1 at the end of each...

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