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  • duration

    is the word "duration" on the exam referring to modified or macaulay? one book i used it was macaulay and other its been modified and i keep getting it mixed up.

  • #2
    Originally posted by greekman14 View Post
    is the word "duration" on the exam referring to modified or macaulay? one book i used it was macaulay and other its been modified and i keep getting it mixed up.

    I consider it Macaulay Duration.
    P FM MFE MLC C

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    • #3
      Macaulay

      otherwise it will say modified duration

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