What are the differences among Macaulay duration, modified duration, and effective duration?
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What are the differences among Macaulay duration, modified duration, and effective duration?
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Macaulays duration is defined as the weighted average of the time until receipt of ...View the full answer
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Related Book For
ISE Investments
ISBN: 9781260571158
12th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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