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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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Dec 29, 2023 10:04 PM

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Which of the following states the correct relationship between Macaulay duration and modified duration? a. Modified duration

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Fundamentals Of Investments Valuation And Management

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