Why is Macauley Duration a better measure of duration, especially in the context of ZCBs?
Why is Macauley Duration a better measure of duration, especially in the context of zero coupon bonds?
Personalized CFA® exam prep is here! Through this exclusive Analyst Forum offer, you can save 10% on a June 2020 Level II CFA PremiumPlus™ or Premium Study Package. Use promo code KS-AF10 at check out. Offer expires Oct 31, 2019.
Study together. Pass together.
Join the world's largest online community of CFA, CAIA and FRM candidates.