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Which of the following statement is correct? Macaulay duration is a linear estimate of the percentage price change. Modified duration is the sum of the
Which of the following statement is correct? Macaulay duration is a linear estimate of the percentage price change. Modified duration is the sum of the weighted-average time periods. Effective duration is the sensitivity of a bond s price against the benchmark yield curve
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Financial Institutions Investments And Management An Introduction
Authors: Herbert B. Mayo
8th Edition
0324178174, 9780324178173
