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AFMDuration in investment appraisal

Ssujan6y ago
Can you please explain me how duration works, I mean the duration ignores initial investment and I am unable to understand how it says it will cover the initial investment in certain number of time when it is not considering initial investment.??
John MoffatJohn MoffatTutor6y ago#1
I explain the duration in my free lectures covering Chapter 11 of our free lecture notes.
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