What are the differences among Macaulay duration, modified duration, and effective duration?

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ISE Investments

ISBN: 9781260571158

12th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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Question Posted: Mar 13, 2024 05:00 AM

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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

ISE Investments

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