Examlex
Which of the following contributors to the gender wage gap most directly explains increases in the wage gap over the trajectories of people's careers?
Duration
A measure of the sensitivity of a bond’s price to changes in interest rates, expressed as the weighted average time to receive the bond's cash flows.
Macaulay Duration
A measure of the weighted average time until a fixed income asset's cash flows are received, used to assess interest rate risk.
Yield
The earnings generated and realized on an investment over a particular period, expressed as a percentage of the investment’s cost, its current market value, or its face value.
Modified Duration
A measure of the sensitivity of a bond's price to changes in interest rates, adjusting for the bond's yield to maturity.
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