bkballa

"Regular" Dur(NW) or Firm's Duration = (A/E)*LADG.

So a postive LADG means a positive duration of Net Worth. Starting to make sense.

Adjusted for the leverage (A/E), we get LADG.



Edited 1 time(s). Last edit at Tuesday, March 22, 2011 at 04:56PM by deriv108.