Dollar duration is the product of
A) modified duration and bond price
B) Macaulay duration and coupon rate
C) modified duration and bond discount
D) Macaulay duration and bond discount

Question

Quizplus · Accepted Answer

Dollar duration is calculated by multiplying the modified duration by the bond price. This measure provides an estimate of the dollar change in a bond's price for a 1% change in interest rates.

Dollar Duration Is the Product of