Which of the following statements about duration is correct? A bonds: A. Effective duration is a measure

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Which of the following statements about duration is correct? A bond’s:

A. Effective duration is a measure of yield duration.

B. Modified duration is a measure of curve duration.

C. Modified duration cannot be larger than its Macaulay duration (assuming a positive yield-to-maturity).

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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Question Posted: Nov 08, 2023 04:19 AM

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Which of the following statements about duration is correct? A bonds: A. Effective duration is a measure

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The correct statement about duration is B Modified duration is a measur...View the full answer

Fixed Income Analysis

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