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Identify what is the economic meaning of the duration

Discussion Post: Financial Markets

We calculate the 'Duration' for financial security such as a Bond.

Identify what is the Economic meaning of this Duration? What is its usefulness for investors and institutions?

The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.

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Marketing Management: Identify what is the economic meaning of the duration

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