Hi David,
I am confused with the different kinds of duration and hope you can clarify my misunderstanding. I read on your website http://www.bionicturtle.com/learn/article/modified_vs_macaulay_duration/ that modified duration = effective duration for a non-callable bond and I...
Hi David,
I am studying the diagram of Expected Return vs Volatility of a portfolio of risk free asset + risky asset. The diagram showed CML and the market portfolio which I have a question on. Points along the CML (Between risk free return and market portfolio) is a...
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