1. MacAulay duration measures
a. Estimated linear change in price for a change in yield to maturity
b. Estimated linear change in price for a change in benchmark yield
c. Weighted average of time to receipt of coupon interest payments
2. Effective duration measures
a. Estimated linear change in price for a change in yield to maturity
b. Estimated linear change in price for a change in benchmark yield
c. Weighted average of time to receipt of coupon interest payments
3. Modified duration measures
a. Estimated linear change in price for a change in yield to maturity
b. Estimated linear change in price for a change in benchmark yield
c. Weighted average of time to receipt of coupon interest payments
4. The point where reinvested coupons offsets the drop in the price of a bond in a rising rate environment is also known as
a. MacAulay duration
b. Effective Duration
c. Modified Duration