Duration Definition and Its Use in Fixed Income Investing

Macaulay Duration: Definition, How It Works, Formula, and Example

Effective Duration of Bonds with Embedded Options - CFA, FRM, and Actuarial Exams Study Notes

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-maturity. The modified duration statistic for a fixed-rate bond is easily obtained if the Macaulay duration is already known. An alternative approach is to approximate modified duration directly. | P

MDURATION Function

Effort Vs. Duration Vs. Elapsed Time: What are the Differences?

Macaulay, Modified, and Effective Durations | CFA Level 1

The difference between the average maturity and Macaulay duration of a debt fund | Value Research