Duration Is Defined as the Weighted Average Time to Maturity

question 18

Essay

Duration is defined as the weighted average time to maturity of a financial instrument.Explain how this knowledge can help protect against interest rate risk.

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Definitions:

Heparin

An anticoagulant medication used to prevent and treat blood clots.

Partial Thromboplastin Time (PTT)

A blood test that measures how long it takes blood to clot, used to assess bleeding and clotting disorders and monitor anticoagulation therapy.

Petechiae

Small, red or purple spots on the body, caused by a minor hemorrhage (broken capillary blood vessels).

Nursing Kardex

A system used in nursing for organizing patient care and information, acting as a communication tool among healthcare professionals.