moneyDuration {bondAnalyst}

Calculates Money Duration of a Bond.

Description

Calculates Money Duration of a Bond.

Usage

moneyDuration(macDuration, ytm, pvFullBondPrice)

Arguments

macDuration

A number.

ytm

A number.

pvFullBondPrice

A number.

Details

According to information provided by Adams and Smith (2019), the method moneyDuration() is developed to calculate Money Duration of a Bond.

Value

Input values to three arguments macDuration,ytm and pvFullBondPrice.

Author(s)

MaheshP Kumar, [e-mail]

References

Adams,J.F. & Smith,D.J.(2019). Understanding Fixed‑Income Risk and Return. In CFA Program Curriculum 2020 Level I Volumes 1-6. (Vol. 5, pp. 237-299). Wiley Professional Development (P&T). ISBN 9781119593577, https://bookshelf.vitalsource.com/books/9781119593577

Examples

moneyDuration(macDuration=7.0029,ytm=0.104,pvFullBondPrice=85.5031)