Question
Macauley duration represents the percentage change in value for a 1% change in rates the point in time at which principal is repaid the point
| Macauley duration represents |
the percentage change in value for a 1% change in rates
the point in time at which principal is repaid
the point in time at which the initial investment is recovered
the degree of curvature of the graphical depiction of the relationship between price and yield
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
