_____ duration is especially useful with a callable security like a mortgage.
A) Modified
B) Macaulay
C) Effective
D) Partial

Name: _____ duration is especially useful with a callable security like a mortgage. A) Modified B) Macaulay C) Effective D) Partial
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Question

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Effective duration is particularly useful for analyzing callable securities like mortgages because it accounts for changes in the cash flow due to the optionality of the security, providing a more accurate measure of interest rate risk.

_____ Duration Is Especially Useful with a Callable Security Like