Duration Calculation

CFA Level III
#1

Do we take face value or market value along with effective duration and basis point to calculate duration?

#2

I think market value shall be used.

#3

I agree, you would use the market value.

#4

Schweser shows Face Value in its formula and hence confusion

#5

Is definitely market value… it’s a value measure

#6

market value

#7

and its dirty market value as well.