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Discuss where the branch circuit is installed when wiring lighting fixtures.
Macaulay Duration
A measure of the weighted average time until a bond or fixed income portfolio's cash flows are received, used to gauge interest rate sensitivity.
Yield
The income returned on an investment, such as the interest or dividends received, typically expressed as a percentage of the investment’s cost or current market value.
Modified Duration
Modified Duration measures the sensitivity of the price of a bond or other debt instrument to a change in interest rates, indicating the percentage change in price for a parallel shift in rates.
Modified Duration
A measure of the sensitivity of a bond's or bond portfolio's price to changes in interest rates, adjusting for the changing yield to maturity.
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