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New Course
Concept
Macaulay Duration
Macaulay Duration
is a measure of the
weighted average time
until a
bond's cash flow payments
are received, helping investors assess
interest rate risk
and evaluate
bond price volatility
. It is particularly useful for determining a
bond portfolio's immunization strategy
by aligning the duration with the
investment horizon
to minimize
interest rate exposure
.
Relevant Degrees
Monetary System and Banking 71%
Economic Theory and Concepts 29%
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