James Chen, CMT is an expert trader, investment adviser, and global market strategist. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and ...

Modified duration measures price sensitivity to interest rate changes. The calculation for modified duration is relatively straightforward. Modified duration is important for investors in determining ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. The Macaulay duration and the modified duration are chiefly used to calculate ...