Multiple Choice
The "modified duration" used by practitioners is equal to the Macaulay duration
A) times the change in interest rate.
B) times (one plus the bond's yield to maturity) .
C) divided by (one minus the bond's yield to maturity) .
D) divided by (one plus the bond's yield to maturity) .
E) none of these.
Correct Answer:
Verified
Correct Answer:
Verified
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