the modified duration

The modified duration:

Multiple Choice

is equal to the Macaulay duration divided by $(+$ yield to maturity$).$

multiplied by change in the ybeld to maturity$)$ equals the approximate percentage change in a bonds price.

will be the same for any bonds that have equal times to maturity

only applies to pure discount securities$.$

must be converted to a Macaulay duration before computing the percentage change in a bond's price.

Prev

$11$ of $50$

Next