SlideShare a Scribd company logo
Macaulay duration = [tC/(1+y)t + nM/(1+y)n/P]
t = 1 to n
t = Period in which coupon is received
C = Semiannual coupon payment = (10% x $ 1000)/2 = $ 50
y = Periodic yield to maturity = 9 % /2 = 4.5 %
n = Number of periods = 5 years x 2 = 10
M = Maturity value = $ 1,000 + $ 50 = $ 1,050
P = Market price of bond = $ 1,000 (Assumed)
Period
Cash Flow
Period x Cash Flow
PV of $1 @ 4.5 %
Present Value of Cash Flow
1
$50
$50
0.956937799
$47.85
2
$50
$100
0.915729951
$91.57
3
$50
$150
0.876296604
$131.44
4
$50
$200
0.838561344
$167.71
5
$50
$250
0.802451047
$200.61
6
$50
$300
0.767895738
$230.37
7
$50
$350
0.734828458
$257.19
8
$50
$400
0.703185127
$281.27
9
$50
$450
0.672904428
$302.81
10
$1,050
$10,500
0.643927682
$6,761.24
Total
Macaulay duration = $6,761.24 / $1,000 = 6.76 years
Period
Cash Flow
Period x Cash Flow
PV of $1 @ 4.5 %
Present Value of Cash Flow
1
$50
$50
0.956937799
$47.85
2
$50
$100
0.915729951
$91.57
3
$50
$150
0.876296604
$131.44
4
$50
$200
0.838561344
$167.71
5
$50
$250
0.802451047
$200.61
6
$50
$300
0.767895738
$230.37
7
$50
$350
0.734828458
$257.19
8
$50
$400
0.703185127
$281.27
9
$50
$450
0.672904428
$302.81
10
$1,050
$10,500
0.643927682
$6,761.24
Total
Solution
Macaulay duration = [tC/(1+y)t + nM/(1+y)n/P]
t = 1 to n
t = Period in which coupon is received
C = Semiannual coupon payment = (10% x $ 1000)/2 = $ 50
y = Periodic yield to maturity = 9 % /2 = 4.5 %
n = Number of periods = 5 years x 2 = 10
M = Maturity value = $ 1,000 + $ 50 = $ 1,050
P = Market price of bond = $ 1,000 (Assumed)
Period
Cash Flow
Period x Cash Flow
PV of $1 @ 4.5 %
Present Value of Cash Flow
1
$50
$50
0.956937799
$47.85
2
$50
$100
0.915729951
$91.57
3
$50
$150
0.876296604
$131.44
4
$50
$200
0.838561344
$167.71
5
$50
$250
0.802451047
$200.61
6
$50
$300
0.767895738
$230.37
7
$50
$350
0.734828458
$257.19
8
$50
$400
0.703185127
$281.27
9
$50
$450
0.672904428
$302.81
10
$1,050
$10,500
0.643927682
$6,761.24
Total
Macaulay duration = $6,761.24 / $1,000 = 6.76 years
Period
Cash Flow
Period x Cash Flow
PV of $1 @ 4.5 %
Present Value of Cash Flow
1
$50
$50
0.956937799
$47.85
2
$50
$100
0.915729951
$91.57
3
$50
$150
0.876296604
$131.44
4
$50
$200
0.838561344
$167.71
5
$50
$250
0.802451047
$200.61
6
$50
$300
0.767895738
$230.37
7
$50
$350
0.734828458
$257.19
8
$50
$400
0.703185127
$281.27
9
$50
$450
0.672904428
$302.81
10
$1,050
$10,500
0.643927682
$6,761.24
Total

More Related Content

Similar to Macaulay duration = [tC(1+y)t + nM(1+y)nP]                     .pdf

lecture 3.ppt
lecture 3.pptlecture 3.ppt
lecture 3.ppt
AhsanKhan837024
 
Multiple Uneven Cashflow
Multiple Uneven CashflowMultiple Uneven Cashflow
Multiple Uneven Cashflow
Prosenjit Banerjee
 
Customer Lifetime Value
Customer Lifetime ValueCustomer Lifetime Value
Customer Lifetime Value
JY Chun
 
0273685988_ch03.ppt
0273685988_ch03.ppt0273685988_ch03.ppt
0273685988_ch03.ppt
ssuser0eff81
 
0273685988 ch03
0273685988 ch030273685988 ch03
0273685988 ch03
katrinamariemanamira
 
Fin254Chap05.ppt
Fin254Chap05.pptFin254Chap05.ppt
Fin254Chap05.ppt
RezoanulHaque8
 
chapter 03
chapter 03chapter 03
chapter 03
Dasrat goswami
 
Bonds part 1
Bonds part 1Bonds part 1
Bonds part 1
David Keck
 
Time value of money
Time value of moneyTime value of money
Time value of money
sabaAkhan47
 
Ch4.pdf
Ch4.pdfCh4.pdf
Ch4.pdf
Usamanajam5
 
2
22
Team maverick bond portfolio managment projekt 1
Team maverick bond portfolio managment projekt 1Team maverick bond portfolio managment projekt 1
Team maverick bond portfolio managment projekt 1
Predrag Pesic
 
Time Value of Money
Time Value of MoneyTime Value of Money
Time Value of Money
Sajad Nazari
 
Money markets and_fixed_income_securities essay sample from assignmentsupport...
Money markets and_fixed_income_securities essay sample from assignmentsupport...Money markets and_fixed_income_securities essay sample from assignmentsupport...
Money markets and_fixed_income_securities essay sample from assignmentsupport...
https://writeessayuk.com/
 
Continuosly compound interest and a comparison of exponential growth phenomena
Continuosly compound interest and a comparison of exponential growth phenomenaContinuosly compound interest and a comparison of exponential growth phenomena
Continuosly compound interest and a comparison of exponential growth phenomena
Dondon Machete Mitra
 
Chapter 3 Time Value of Money.pptx
Chapter 3 Time Value of Money.pptxChapter 3 Time Value of Money.pptx
Chapter 3 Time Value of Money.pptx
MeheryarKhanJogezaiK
 
Chapter 3 the time value of money solution
Chapter 3 the time value of money solutionChapter 3 the time value of money solution
Chapter 3 the time value of money solution
QudratShahab
 
Time value of money.pptx
Time value of money.pptxTime value of money.pptx
Time value of money.pptx
Neha234608
 
The Value of Money - problems and solutions
The Value of Money - problems and solutionsThe Value of Money - problems and solutions
The Value of Money - problems and solutions
Hassan Samoon
 
0273685988_ch03.ppt
0273685988_ch03.ppt0273685988_ch03.ppt
0273685988_ch03.ppt
Kevin117905
 

Similar to Macaulay duration = [tC(1+y)t + nM(1+y)nP]                     .pdf (20)

lecture 3.ppt
lecture 3.pptlecture 3.ppt
lecture 3.ppt
 
Multiple Uneven Cashflow
Multiple Uneven CashflowMultiple Uneven Cashflow
Multiple Uneven Cashflow
 
Customer Lifetime Value
Customer Lifetime ValueCustomer Lifetime Value
Customer Lifetime Value
 
0273685988_ch03.ppt
0273685988_ch03.ppt0273685988_ch03.ppt
0273685988_ch03.ppt
 
0273685988 ch03
0273685988 ch030273685988 ch03
0273685988 ch03
 
Fin254Chap05.ppt
Fin254Chap05.pptFin254Chap05.ppt
Fin254Chap05.ppt
 
chapter 03
chapter 03chapter 03
chapter 03
 
Bonds part 1
Bonds part 1Bonds part 1
Bonds part 1
 
Time value of money
Time value of moneyTime value of money
Time value of money
 
Ch4.pdf
Ch4.pdfCh4.pdf
Ch4.pdf
 
2
22
2
 
Team maverick bond portfolio managment projekt 1
Team maverick bond portfolio managment projekt 1Team maverick bond portfolio managment projekt 1
Team maverick bond portfolio managment projekt 1
 
Time Value of Money
Time Value of MoneyTime Value of Money
Time Value of Money
 
Money markets and_fixed_income_securities essay sample from assignmentsupport...
Money markets and_fixed_income_securities essay sample from assignmentsupport...Money markets and_fixed_income_securities essay sample from assignmentsupport...
Money markets and_fixed_income_securities essay sample from assignmentsupport...
 
Continuosly compound interest and a comparison of exponential growth phenomena
Continuosly compound interest and a comparison of exponential growth phenomenaContinuosly compound interest and a comparison of exponential growth phenomena
Continuosly compound interest and a comparison of exponential growth phenomena
 
Chapter 3 Time Value of Money.pptx
Chapter 3 Time Value of Money.pptxChapter 3 Time Value of Money.pptx
Chapter 3 Time Value of Money.pptx
 
Chapter 3 the time value of money solution
Chapter 3 the time value of money solutionChapter 3 the time value of money solution
Chapter 3 the time value of money solution
 
Time value of money.pptx
Time value of money.pptxTime value of money.pptx
Time value of money.pptx
 
The Value of Money - problems and solutions
The Value of Money - problems and solutionsThe Value of Money - problems and solutions
The Value of Money - problems and solutions
 
0273685988_ch03.ppt
0273685988_ch03.ppt0273685988_ch03.ppt
0273685988_ch03.ppt
 

More from ANGELMARKETINGJAIPUR

they are not soluble in waterthey forms ions in t.pdf
                     they are not soluble in waterthey forms ions in t.pdf                     they are not soluble in waterthey forms ions in t.pdf
they are not soluble in waterthey forms ions in t.pdf
ANGELMARKETINGJAIPUR
 
Non metals generally want to gain electrons and a.pdf
                     Non metals generally want to gain electrons and a.pdf                     Non metals generally want to gain electrons and a.pdf
Non metals generally want to gain electrons and a.pdf
ANGELMARKETINGJAIPUR
 
London force the attraction between two rapidly .pdf
                     London force the attraction between two rapidly .pdf                     London force the attraction between two rapidly .pdf
London force the attraction between two rapidly .pdf
ANGELMARKETINGJAIPUR
 
HNO3 is a strong mono-protic acid. This means it .pdf
                     HNO3 is a strong mono-protic acid. This means it .pdf                     HNO3 is a strong mono-protic acid. This means it .pdf
HNO3 is a strong mono-protic acid. This means it .pdf
ANGELMARKETINGJAIPUR
 
H2Se (hydrogen (I) selenide) Boiling point -42°.pdf
                     H2Se (hydrogen (I) selenide)  Boiling point -42°.pdf                     H2Se (hydrogen (I) selenide)  Boiling point -42°.pdf
H2Se (hydrogen (I) selenide) Boiling point -42°.pdf
ANGELMARKETINGJAIPUR
 
Enthalphy for HCl would be more as acetic acid is.pdf
                     Enthalphy for HCl would be more as acetic acid is.pdf                     Enthalphy for HCl would be more as acetic acid is.pdf
Enthalphy for HCl would be more as acetic acid is.pdf
ANGELMARKETINGJAIPUR
 
e.) none of these .pdf
                     e.) none of these                                .pdf                     e.) none of these                                .pdf
e.) none of these .pdf
ANGELMARKETINGJAIPUR
 
Valid implication. The primary two properties suggest babies are hat.pdf
Valid implication. The primary two properties suggest babies are hat.pdfValid implication. The primary two properties suggest babies are hat.pdf
Valid implication. The primary two properties suggest babies are hat.pdf
ANGELMARKETINGJAIPUR
 
Think about the core ideas (themes, motifs, lessons) of Harrison Ber.pdf
Think about the core ideas (themes, motifs, lessons) of Harrison Ber.pdfThink about the core ideas (themes, motifs, lessons) of Harrison Ber.pdf
Think about the core ideas (themes, motifs, lessons) of Harrison Ber.pdf
ANGELMARKETINGJAIPUR
 
the series divergesSolutionthe series diverges.pdf
the series divergesSolutionthe series diverges.pdfthe series divergesSolutionthe series diverges.pdf
the series divergesSolutionthe series diverges.pdf
ANGELMARKETINGJAIPUR
 
The fate of pyruvate depends on the availability of oxygen.Three fat.pdf
The fate of pyruvate depends on the availability of oxygen.Three fat.pdfThe fate of pyruvate depends on the availability of oxygen.Three fat.pdf
The fate of pyruvate depends on the availability of oxygen.Three fat.pdf
ANGELMARKETINGJAIPUR
 
Covalent Bond - Two atoms Share electrons Polar .pdf
                     Covalent Bond - Two atoms Share electrons  Polar .pdf                     Covalent Bond - Two atoms Share electrons  Polar .pdf
Covalent Bond - Two atoms Share electrons Polar .pdf
ANGELMARKETINGJAIPUR
 
Since Calcuium hydroxide has a very strong dissassociation forevery .pdf
Since Calcuium hydroxide has a very strong dissassociation forevery .pdfSince Calcuium hydroxide has a very strong dissassociation forevery .pdf
Since Calcuium hydroxide has a very strong dissassociation forevery .pdf
ANGELMARKETINGJAIPUR
 
Shouldnt it just be the same answer as b The rate at which NO2 an.pdf
Shouldnt it just be the same answer as b The rate at which NO2 an.pdfShouldnt it just be the same answer as b The rate at which NO2 an.pdf
Shouldnt it just be the same answer as b The rate at which NO2 an.pdf
ANGELMARKETINGJAIPUR
 
publicclass VehicleParser {publicstatic Vehicle parseStringToVehic.pdf
publicclass VehicleParser {publicstatic Vehicle parseStringToVehic.pdfpublicclass VehicleParser {publicstatic Vehicle parseStringToVehic.pdf
publicclass VehicleParser {publicstatic Vehicle parseStringToVehic.pdf
ANGELMARKETINGJAIPUR
 
Point.h header file #ifndef POINT_H #define POINT_H Po.pdf
Point.h header file #ifndef POINT_H #define POINT_H Po.pdfPoint.h header file #ifndef POINT_H #define POINT_H Po.pdf
Point.h header file #ifndef POINT_H #define POINT_H Po.pdf
ANGELMARKETINGJAIPUR
 
Preliminary Engagement activity includePlanning activities involv.pdf
Preliminary Engagement activity includePlanning activities involv.pdfPreliminary Engagement activity includePlanning activities involv.pdf
Preliminary Engagement activity includePlanning activities involv.pdf
ANGELMARKETINGJAIPUR
 
please give some additional informationSolutionplease give som.pdf
please give some additional informationSolutionplease give som.pdfplease give some additional informationSolutionplease give som.pdf
please give some additional informationSolutionplease give som.pdf
ANGELMARKETINGJAIPUR
 
parabolaSolutionparabola.pdf
parabolaSolutionparabola.pdfparabolaSolutionparabola.pdf
parabolaSolutionparabola.pdf
ANGELMARKETINGJAIPUR
 
Hi!For hydrogen fluoride the predominant intermolecular force is .pdf
Hi!For hydrogen fluoride the predominant intermolecular force is .pdfHi!For hydrogen fluoride the predominant intermolecular force is .pdf
Hi!For hydrogen fluoride the predominant intermolecular force is .pdf
ANGELMARKETINGJAIPUR
 

More from ANGELMARKETINGJAIPUR (20)

they are not soluble in waterthey forms ions in t.pdf
                     they are not soluble in waterthey forms ions in t.pdf                     they are not soluble in waterthey forms ions in t.pdf
they are not soluble in waterthey forms ions in t.pdf
 
Non metals generally want to gain electrons and a.pdf
                     Non metals generally want to gain electrons and a.pdf                     Non metals generally want to gain electrons and a.pdf
Non metals generally want to gain electrons and a.pdf
 
London force the attraction between two rapidly .pdf
                     London force the attraction between two rapidly .pdf                     London force the attraction between two rapidly .pdf
London force the attraction between two rapidly .pdf
 
HNO3 is a strong mono-protic acid. This means it .pdf
                     HNO3 is a strong mono-protic acid. This means it .pdf                     HNO3 is a strong mono-protic acid. This means it .pdf
HNO3 is a strong mono-protic acid. This means it .pdf
 
H2Se (hydrogen (I) selenide) Boiling point -42°.pdf
                     H2Se (hydrogen (I) selenide)  Boiling point -42°.pdf                     H2Se (hydrogen (I) selenide)  Boiling point -42°.pdf
H2Se (hydrogen (I) selenide) Boiling point -42°.pdf
 
Enthalphy for HCl would be more as acetic acid is.pdf
                     Enthalphy for HCl would be more as acetic acid is.pdf                     Enthalphy for HCl would be more as acetic acid is.pdf
Enthalphy for HCl would be more as acetic acid is.pdf
 
e.) none of these .pdf
                     e.) none of these                                .pdf                     e.) none of these                                .pdf
e.) none of these .pdf
 
Valid implication. The primary two properties suggest babies are hat.pdf
Valid implication. The primary two properties suggest babies are hat.pdfValid implication. The primary two properties suggest babies are hat.pdf
Valid implication. The primary two properties suggest babies are hat.pdf
 
Think about the core ideas (themes, motifs, lessons) of Harrison Ber.pdf
Think about the core ideas (themes, motifs, lessons) of Harrison Ber.pdfThink about the core ideas (themes, motifs, lessons) of Harrison Ber.pdf
Think about the core ideas (themes, motifs, lessons) of Harrison Ber.pdf
 
the series divergesSolutionthe series diverges.pdf
the series divergesSolutionthe series diverges.pdfthe series divergesSolutionthe series diverges.pdf
the series divergesSolutionthe series diverges.pdf
 
The fate of pyruvate depends on the availability of oxygen.Three fat.pdf
The fate of pyruvate depends on the availability of oxygen.Three fat.pdfThe fate of pyruvate depends on the availability of oxygen.Three fat.pdf
The fate of pyruvate depends on the availability of oxygen.Three fat.pdf
 
Covalent Bond - Two atoms Share electrons Polar .pdf
                     Covalent Bond - Two atoms Share electrons  Polar .pdf                     Covalent Bond - Two atoms Share electrons  Polar .pdf
Covalent Bond - Two atoms Share electrons Polar .pdf
 
Since Calcuium hydroxide has a very strong dissassociation forevery .pdf
Since Calcuium hydroxide has a very strong dissassociation forevery .pdfSince Calcuium hydroxide has a very strong dissassociation forevery .pdf
Since Calcuium hydroxide has a very strong dissassociation forevery .pdf
 
Shouldnt it just be the same answer as b The rate at which NO2 an.pdf
Shouldnt it just be the same answer as b The rate at which NO2 an.pdfShouldnt it just be the same answer as b The rate at which NO2 an.pdf
Shouldnt it just be the same answer as b The rate at which NO2 an.pdf
 
publicclass VehicleParser {publicstatic Vehicle parseStringToVehic.pdf
publicclass VehicleParser {publicstatic Vehicle parseStringToVehic.pdfpublicclass VehicleParser {publicstatic Vehicle parseStringToVehic.pdf
publicclass VehicleParser {publicstatic Vehicle parseStringToVehic.pdf
 
Point.h header file #ifndef POINT_H #define POINT_H Po.pdf
Point.h header file #ifndef POINT_H #define POINT_H Po.pdfPoint.h header file #ifndef POINT_H #define POINT_H Po.pdf
Point.h header file #ifndef POINT_H #define POINT_H Po.pdf
 
Preliminary Engagement activity includePlanning activities involv.pdf
Preliminary Engagement activity includePlanning activities involv.pdfPreliminary Engagement activity includePlanning activities involv.pdf
Preliminary Engagement activity includePlanning activities involv.pdf
 
please give some additional informationSolutionplease give som.pdf
please give some additional informationSolutionplease give som.pdfplease give some additional informationSolutionplease give som.pdf
please give some additional informationSolutionplease give som.pdf
 
parabolaSolutionparabola.pdf
parabolaSolutionparabola.pdfparabolaSolutionparabola.pdf
parabolaSolutionparabola.pdf
 
Hi!For hydrogen fluoride the predominant intermolecular force is .pdf
Hi!For hydrogen fluoride the predominant intermolecular force is .pdfHi!For hydrogen fluoride the predominant intermolecular force is .pdf
Hi!For hydrogen fluoride the predominant intermolecular force is .pdf
 

Recently uploaded

Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
National Information Standards Organization (NISO)
 
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movieFilm vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
Nicholas Montgomery
 
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptxPengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Fajar Baskoro
 
Liberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdfLiberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdf
WaniBasim
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
GeorgeMilliken2
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
Dr. Mulla Adam Ali
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
PECB
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Scholarhat
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
Israel Genealogy Research Association
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
tarandeep35
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
amberjdewit93
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
IreneSebastianRueco1
 
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdfবাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
eBook.com.bd (প্রয়োজনীয় বাংলা বই)
 
Cognitive Development Adolescence Psychology
Cognitive Development Adolescence PsychologyCognitive Development Adolescence Psychology
Cognitive Development Adolescence Psychology
paigestewart1632
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Dr. Vinod Kumar Kanvaria
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
RitikBhardwaj56
 
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityNatural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Akanksha trivedi rama nursing college kanpur.
 
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
chanes7
 
How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17
Celine George
 
A Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdfA Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdf
Jean Carlos Nunes Paixão
 

Recently uploaded (20)

Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
 
Film vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movieFilm vocab for eal 3 students: Australia the movie
Film vocab for eal 3 students: Australia the movie
 
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptxPengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
 
Liberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdfLiberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdf
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
 
Hindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdfHindi varnamala | hindi alphabet PPT.pdf
Hindi varnamala | hindi alphabet PPT.pdf
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
 
S1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptxS1-Introduction-Biopesticides in ICM.pptx
S1-Introduction-Biopesticides in ICM.pptx
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
 
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdfবাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
বাংলাদেশ অর্থনৈতিক সমীক্ষা (Economic Review) ২০২৪ UJS App.pdf
 
Cognitive Development Adolescence Psychology
Cognitive Development Adolescence PsychologyCognitive Development Adolescence Psychology
Cognitive Development Adolescence Psychology
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
 
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityNatural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
 
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
 
How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17How to Make a Field Mandatory in Odoo 17
How to Make a Field Mandatory in Odoo 17
 
A Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdfA Independência da América Espanhola LAPBOOK.pdf
A Independência da América Espanhola LAPBOOK.pdf
 

Macaulay duration = [tC(1+y)t + nM(1+y)nP]                     .pdf