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Business, 13.02.2020 00:37 dfgt5620

Duration is e
the elasticity of a security's value to small coupon changes
the weighted average time to maturity of the bond's cash flows.
the time until the investor recovers the price of the bond in today's dollars
greater than maturity for deep discount bonds and less than maturity for premium bonds
the second derivative of the bond price formula with respect to the YTM

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Duration is e
the elasticity of a security's value to small coupon changes
the weighte...
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