Modified Duration Inversely related to percentage change in price on an average for a specific change in yield. Represented as a ratio of Macaulay duration to (1 + y). Here y = the bond yield. … [Read more...]
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Modified Duration Inversely related to percentage change in price on an average for a specific change in yield. Represented as a ratio of Macaulay duration to (1 + y). Here y = the bond yield. … [Read more...]