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Duration: In simplified terms, a bond’s duration measures the effect that each 1% change in interest rates will have on the bond’s market value. Unlike the maturity date, which tells you when the issu . . . View Full Definition

Duration Of Rise And Duration Of Fall: Duration of rise is the interval from low water to high water, and duration of fall is the interval from high water to low water. Together they cover, on an average, a period of 12.42 hours . . . View Full Definition

Modified Duration: The ratio of Macaulay duration to (1 + y), where y = the bond yield. Modified duration is inversely related to the approximate percentage change in price for a given change in yield.

Duration Of Flood And Duration Of Ebb: Duration of flood is the interval of time in which a tidal current is flooding, and duration of ebb is the interval in which it is ebbing, these intervals being reckoned from the middle of t . . . View Full Definition