Which one of the following statements correctly describes the weights used in the Macaulay duration calculation?
The weight in Year t is equal to ________.
A) the dollar amount of the investment received in Year t
B) the percentage of the future value of the investment received in Year t
C) the present value of the dollar amount of the investment received in Year t
D) the percentage of the total present value of the investment received in Year t
Correct Answer:
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