Question
Modified duration measures the ______. a.price sensitivity of an investment b.percentage increase of the value of the investment per unit increase in the rate of
Modified duration measures the ______.
a.price sensitivity of an investment
b.percentage increase of the value of the investment per unit increase in the rate of interest.
c.average period of an investment
d.average return of an investment
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
