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Requirement a(ii)
Calculate Macaulay duration
In the answer examiner have calculated IRR for XY Co. and then calculated PV of cash flow using that IRR
what i did was used the PV calculated in requirement a(i) and used it in Macaulay duration calculation
in both way result is same
I want confirm, the way i did the calculation is right or not as my method is totally different from examiner
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