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- UID
- 223258
- 帖子
- 277
- 主题
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- 注册时间
- 2011-7-11
- 最后登录
- 2016-4-18
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| 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! |
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发表于 2011-7-11 17:42
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