Question: The modified duration used by practitioners is equal to the Macaulay duration O O O divided by (one minus the bond's yield to maturity). divided

The "modified duration" used by practitioners is equal to the Macaulay

The "modified duration" used by practitioners is equal to the Macaulay duration O O O divided by (one minus the bond's yield to maturity). divided by (one plus the bond's yield to maturity). times (one plus the bond's yleld to maturity). times the change in Interest rate. O O None of the options

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