#bonds #duration #finance
Macaulay duration is a weighted average time until repayment (measured in units of time such as years)
If you want to change selection, open document below and click on "Move attachment"

Bond duration - Wikipedia, the free encyclopedia
the asset. This gives the well-known relation between Macaulay duration and modified duration quoted above. It should be remembered that, even though Macaulay duration and modified duration are closely related, they are conceptually distinct. <span>Macaulay duration is a weighted average time until repayment (measured in units of time such as years) while modified duration is a price sensitivity measure when the price is treated as a function of yield, the percentage change in price with respect to yield. Units For modified du