Do we need to know this for real?作者: Micholien 时间: 2011-7-11 17:42
@beatthecfa
thanks, I was going through some supplemental information and did not check to see if it was a necessary information. Also, thanks for answering not just my questions, but other people's--you are doing a great service to us which we appreciate!作者: disiz64 时间: 2011-7-11 17:42
@beatthecfa
thanks, I was going through some supplemental information and did not check to see if it was a necessary information. Also, thanks for answering not just my questions, but other people's--you are doing a great service for us which we appreciate!作者: dontknow1987 时间: 2011-7-11 17:42
I believe the CFA curriculum wants you to know that Effective Duration is a better measure - particularly for changes in expected cash flows associated with interest rate movements. That said, Macaulay is related to modified duration and is not as good a measure of price volatility / interest rate risk... AND hopefully that's all we need to know! Basically what was said above!
