Abstract
By breaking the mathematical derivation of Macaulay Duration, Modified Duration, and Bond Convexity into smaller easily calculated component parts, a more manageable means of calculation for these bond measures emerges for the student. Further, an Excel spreadsheet or an algorithm within a programming language can also be implemented using these smaller component calculations. The Excel template provided can be made into an assignment or used as a resource for the student.
Recommended Citation
(2026)
"The ABCs of Modified Bond Duration and WXYZs of Bond Convexity,"
Journal of Economics and Finance Education: Vol. 24:
Iss.
1, Article 4.
Available at:
https://scholarship.rollins.edu/jefe/vol24/iss1/4
