3.7K views · 95 reactions | Modified duration provides an estimate of...
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3.7K views · 95 reactions | Modified duration provides an estimate of...
Professional Finance Studies (PFS). . Modified duration provides an estimate of the percentage price change for a bond given a change in its yield-to-maturity. Modified duration provides a linear estimate of the percentage price change. In terms of absolute value, the change is the same for either an increase or decrease in the yield-to ...
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