SOA Exam FM Sample Question 101
Study guide: Exam FM-2
Cash flows are 40,000 at time 2 (in years), 25,000 at time 3, and 100,000 at time 4. The annual effective yield rate is 7.0%.
Calculate the Macaulay duration.
- A) 2.2
- B) 2.3
- C) 3.1
- D) 3.3
- E) 3.4
Answer this question and see the worked solution