Which of the following states the correct relationship between Macaulay duration and modified duration? a. Modified duration
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Which of the following states the correct relationship between Macaulay duration and modified duration?
a. Modified duration = Macaulay duration/(1 + YTM/2)
b. Modified duration = Macaulay duration × (1 + YTM/2)
c. Modified duration = Macaulay duration/YTM
d. Modified duration = Macaulay duration × YTM.
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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