Bond Duration Calculator
Macaulay Duration (Years)
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Modified Duration (%)
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Methodology
Macaulay Duration: The weighted average time until all the bond's cash flows are received. It is measured in years.
Modified Duration: Measures the measurable change in the value of a security in response to a change in interest rates. A modified duration of 5.0 means the bond's price will drop by 5% if interest rates rise by 1%.
Assumes annual coupon payments for calculation simplicity.