What does the term duration mean to bond investors and how does the duration of a bond

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What does the term duration mean to bond investors and how does the duration of a bond differ from its maturity? What is modified duration, and how is it used? What is effective duration, and how does it differ from modified duration?

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Apr 28, 2015 03:46 AM

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What does the term duration mean to bond investors and how does the duration of a bond

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Duration is a measure of bond price volatility It captures both price and reinvestment risks in a si...View the full answer

Fundamentals of Investing

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