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If you are working as a risk manager in a firm, which technique will you prefer for interest rate risk,macaulay duration or modified macaulay duration.
If you are working as a risk manager in a firm, which technique will you prefer for interest rate risk,macaulay duration or modified macaulay duration.
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I would prefer Modified Macaulay duration Because Modified duration could be extended to calculate t...
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
