Question: The modified duration used by practitioners is equal to the Macaulay duration:Multiple Cholcetimes (one plus the bonds yeld to maturity.times the change in interest rate.divided

The "modified duration" used by practitioners is equal to the Macaulay duration:Multiple Cholcetimes (one plus the bonds yeld to maturity.times the change in interest rate.divided by (one plus the bond's yeld to maturity).None of the options are correct.Prey6 of 25Search2.0(ip)

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