In Simple Words, Duration Measures the Average Life of an Asset

question 6

True/False

In simple words, duration measures the average life of an asset or liability.

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Definitions:

Preparation/Determination

The stage of behavioral change in which individuals ready themselves mentally and possibly physically to make a change.

Exercise Routine

A regimen of physical activities designed and scheduled with the aim of improving or maintaining physical fitness and overall health.

Contemplation

A phase of reflection or deep thought, often preceding a decision or action.

Contemplation Stage

The period in which an individual is aware a change is needed and is actively considering making that change but has not yet committed to taking action.