Dollar Duration of a Fixed-Income Security Is Defined as

question 60

Multiple Choice

Dollar duration of a fixed-income security is defined as

• A)the dollar value change in the price of a security to a one-percent change in the return on the security.
• B)the dollar value change in the price of a security to a change in the Macaulay's duration of the security.
• C)The market price of a security following a one-percent change in the return on the security.
• D)Macaulay's duration divided by one plus the interest rate times the market price of the security.
• E)the modified duration of a security times the price of the security.

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