Open QuXiangjie opened 4 months ago
Definition
Macaulay Duration is the time to hold the bond that the present value of the cash flow equals to the current price paid. Modified duration is the percent change of the price if the interest rate changed 1 percent.
Duration and depreciation.xlsx
Definition
Macaulay Duration is the time to hold the bond that the present value of the cash flow equals to the current price paid. Modified duration is the percent change of the price if the interest rate changed 1 percent.
Duration and depreciation.xlsx