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3 Ιουν 2024 · Learn how to use the MDURATION function to calculate the modified Macaulay duration of a bond or other fixed-income security in Excel. The modified duration measures the change in the value of the security for each percentage change in the yield to maturity.
The DURATION function, one of the Financial functions, returns the Macauley duration for an assumed par value of $100. Duration is defined as the weighted average of the present value of cash flows, and is used as a measure of a bond price's response to changes in yield.
By following these step-by-step instructions and using the correct formula syntax, you can easily calculate the Macaulay duration in Excel for your financial analysis and decision-making. Interpreting the results
21 Αυγ 2024 · Macaulay Duration is the time it takes to recover investment in a bond through interest and principal payments. It is calculated by taking the weighted average of the time an investor holds the bond until the present value of cash inflows equals the amount paid.
Macaulay duration measures the weighted average of the time to receive the cash flows from a bond so that the present value of cash flows equals the bond price. A bond’s Macaulay duration is positively related to the time to maturity and inversely related to the bond’s coupon rate and interest rate.
29 Αυγ 2022 · Find out more about the Macaulay duration and zero-coupon bonds, and how to calculate the Macaulay duration of a zero-coupon bond in Microsoft Excel.
Excel's DURATION function returns the Macauley duration for an assumed par value of $100. The Macaulay duration is the weighted average term to maturity of the cash flows from a security. The weight of each cash flow is determined by dividing the present value of the cash flow by the price.
