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

question 74

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The "modified duration" used by practitioners is equal to the Macaulay duration


Definitions:

ERA

Equal Rights Amendment, a proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex.

Sexual Harassment

Unwanted sexual advances, requests for sexual favors, or other verbal or physical harassment of a sexual nature, especially in the workplace.

Hostile Environment

A workplace or learning environment that is intimidating, hostile, or offensive, often due to discrimination or harassment.

Supreme Court

The highest judicial body in a country, which has the ultimate authority over all legal and constitutional matters.

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