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Modified and Macaulay duration are measures of bond price sensitivity to changes in interest rates.
Modified duration measures the percentage change in bond price for a 1% change in yield.
Macaulay duration is the weighted average time to receive all cash flows from a bond.
Both measures help investors assess interest rate risk and make informed investment decisions.
For example, a bond with a longer Macaulay duration will...
Senior Associate
34
salaries
| ₹16 L/yr - ₹40 L/yr |
Software Engineer
17
salaries
| ₹3.8 L/yr - ₹14.2 L/yr |
Principal Associate
17
salaries
| ₹32 L/yr - ₹61 L/yr |
Data Analyst
11
salaries
| ₹12 L/yr - ₹20 L/yr |
Senior Manager
9
salaries
| ₹40 L/yr - ₹112 L/yr |
American Express
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