Modified Duration Is Calculated As:
A) Macaulay Duration/(1 + YTM)/2 $\times$

question 10

Multiple Choice

Modified duration is calculated as:

• A) Macaulay duration/(1 + YTM)/2
• B) Macaulay duration \(\times\) (1 + YTM/2)
• C) (1 + YTM)/2 \(\times\) Macaulay duration
• D) Macaulay duration/(1 + YTM/2)
• E) Macaulay duration/(1 + YTM)²

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Definitions:

Retail Layout

An approach that addresses flow, allocates space, and responds to customer behaviour.

High-Draw Items

Products that significantly attract customers, resulting in high sales volume.

Work Cells

An arrangement in manufacturing where machinery and staff are grouped together in a way that focuses on producing a single product or component.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product efficiently.