The "Modified Duration" Used by Practitioners Is Equal to the Macaulay

question 6

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 the options are correct.

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