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exceljet.net
DURATION Function
The Excel DURATION function returns the annual duration of a security with periodic interest payments, calculated with the Macauley duration formula.
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In our weekly CFA Level I consultation session, I explained the basics of the pricing of a Bond, the interest rate risk, Duration, and Convexity of a bond. I also explained the negative convexity of a callable bond. Many people may find the lecture useful. | Professional Finance Studies (PFS)
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