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Manuals/calci/MDURATION
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Revision as of 22:19, 22 August 2018
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*<math>Frequency</math> is the number of coupon payments per year, and
*<math>Frequency</math> is the number of coupon payments per year, and
*<math>Basis</math> is the type of day count basis to use.
*<math>Basis</math> is the type of day count basis to use.
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MDURATION(), returns the Macauley modified duration for a security with an assumed par value of $100.
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MDURATION(), returns the Macauley modified duration for a security with an assumed par value of $100.
== Description ==
== Description ==
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