Modified Duration Is Determined by Making Small Adjustments to Macaulay

question 2

True/False

Modified duration is determined by making small adjustments to Macaulay duration.

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Definitions:

Specific Performance

A legal remedy requiring a party to perform a specific act, usually in fulfillment of a contract.

Statute Of Limitations

A law prescribing a period of limitation for the bringing of certain types of legal action.

Civil Wrongs

Acts or omissions that cause harm or loss to another person, and are the basis for a lawsuit in civil court, distinct from criminal acts.

Specific Performance

A legal remedy that requires a party to fulfill their contractual obligations, rather than just paying damages.