macaulay and modified duration

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March 2, 2021 at 9:35 am #612565
Jiya024
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sir if we have both YTM and cost of capital, which one do we prefer for both Macaulay and modified duration?
March 2, 2021 at 9:58 am #612589
John Moffat
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In both cases the YTM as I explain in my lectures on this.
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