How is duration calculated? What is the nature and use of duration? How does duration compare to the linear concept of the bond price and interest rate relationship? Is duration better than convexity or worse? Duration is considered common knowledge in the fixed income world and should be discussed at length.

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The Answer of How is duration calculated? What is the nature and use of duration? How does duration compare to the linear concept of the bond price and interest rate relationship? Is duration better than convexity or worse? Duration is considered common knowledge in the fixed income world and should be discussed at length.

How Is Duration Calculated? What Is the Nature and Use