Let’s take an example in which you have to calculate the weekly wages of your employees. For this, you should know the total working duration of your workers for all 6 days. The screenshot provided ...

Modified duration shows bond price sensitivity to yield changes; a 1.859% price change per 1% yield shift. Macauley duration measures average time to receive bond cash flows, key for calculating ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. The Macaulay duration and the modified duration are chiefly used to calculate ...

Nick Lioudis is a writer, multimedia professional, consultant, and content manager for Bread. He has also spent 10+ years as a journalist. Yarilet Perez is an experienced multimedia journalist and ...