Find macaulay duration

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Reference no: EM132061809

Elsa has a portfolio consisting of the following:

-500 shares of preferred stock with annual dividends of $0.31

-6-year $2100 zero-coupon bond

Find the Macaulay duration of Elsa's portfolio at 3.5%. Round your answer to three places after the decimal.

D(0.035,infinity) = years

Reference no: EM132061809

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