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In the context of bond pricing, what does the term Macaulay Duration measure? A . Sensitivity to Interest Rate Changes B . Average time it
In the context of bond pricing, what does the term "Macaulay Duration" measure?
A Sensitivity to Interest Rate Changes
B Average time it takes for an investment to repay its initial cost through cash flows
C Average time it takes for an investor to recover the initial investment
D The interest rate that discounts future cash flows to the present value
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Handbook Of European Financial Markets And Institutions
Authors: Xavier Freixas, Philipp Hartmann, Colin Mayer
1st Edition
0199229953, 978-0199229956
