Examlex
Describe one of the elements that comprise how works of fiction are put together.
Modified Duration
A measure of the sensitivity of a bond's price to changes in interest rates, indicating the price change in percentage terms for a yield move of one percent.
Macaulay Duration
A measure of the weighted average time until a bond's cash flows are paid back, used to assess interest rate risk.
Yield To Maturity
The total return anticipated on a bond if held until it matures.
Interest-Rate Risk
The risk that an investment's value will change due to a change in the absolute level of interest rates, affecting debt securities inversely with respect to their prices and yields.
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