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

question 74

Multiple Choice

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

• A)times the change in interest rate.
• B)times (one plus the bond's yield to maturity).
• C)divided by (one minus the bond's yield to maturity).
• D)divided by (one plus the bond's yield to maturity).
• E)none of the above.

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Definitions:

Negotiating Partner

An entity or individual engaged in discussions aimed at reaching an agreement on a specific matter or business deal.

Change to Win

is a labor union federation aimed at revitalizing the labor movement and improving the economic status of workers by organizing them and negotiating better terms.

SEIU

Service Employees International Union, a labor union representing workers in healthcare, public service, and property services sectors, among others.

Teamsters

A term often associated with members of the International Brotherhood of Teamsters, a labor union representing a variety of professions.