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The modified duration used by practitioners is equal to divided by ( one plus the bond's yield to maturity ) . Multiple Choice current yield
The "modified duration" used by practitioners is equal to
divided by one plus the bond's yield to maturity
Multiple Choice
current yield
yield to maturity
yield to call
the Macaulay duration
None of the options are correct.
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
