124k views
3 votes
The term duration refers to

User DicBrus
by
8.8k points

1 Answer

5 votes
The change in the value of a fixed income security that will result from a 1% change in interest rates. Duration is stated in years.

User DaveF
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.