Sample 9 (e)
the model solution on effective duration calculation, cash flow is excluded RA
while the BattleAct additional commentary for Macaulay/Modified Duration is including RA
May I know when shall it be added or not?
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the model solution on effective duration calculation, cash flow is excluded RA
while the BattleAct additional commentary for Macaulay/Modified Duration is including RA
May I know when shall it be added or not?
Comments
Both the model solution and the Battleact commentary includes the RA. Double check the Excel formulas