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In part a (2) for macaulary duration why is YTM rate used for macaulay duration? ( Written in tutorial note)
I have solved it with the rates used in part 1 and duration is coming the same.I am sorry but I do not have the Kaplan books (only the BPP Revision Kit) and so I do not have the question. I do have all the past exam questions, but this is not a past exam question (unless Kaplan have decided to give it a different name).
Have you watched my free lectures on the Macauley duration?
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