- This topic has 3 replies, 2 voices, and was last updated 9 years ago by
.
Viewing 4 posts - 1 through 4 (of 4 total)
- Posts
Good evening
can u please explain “Duration measures the time it takes to recover half the present value of all future cash flows from the bond.”
where does this ‘half’ come from?
thanks!!
It is only approximate, and proving it is about half is outside of the syllabus.
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.