Indiana Code 8-14.5-2-13. Weighted average life
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Sec. 13. “Weighted average life” of an issue of bonds or notes means:
(2) the face amount of the entire issue of bonds or notes.
(1) the sum of the products of the face amount of each maturity and the number of years to maturity (determined separately for each maturity and by taking into account mandatory sinking fund redemptions); divided by
As added by P.L.68-1988, SEC.12.