Question
Which of the following is the definition of the Macaulay duration? options: The percentage change in price for a unit change in yield. The weighted
Which of the following is the definition of the Macaulay duration?
options:
The percentage change in price for a unit change in yield.
The weighted average time, measured in years, until cash flows are received.
All of these answers.
The price sensitivity of a bond.
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Basic Finance An Introduction to Financial Institutions, Investments and Management
Authors: Herbert B. Mayo
11th Edition
1285425790, 1285425795, 9781305464988 , 978-1285425795
