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Dollar duration

• The product of modified duration and the initial price.

 
 

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 Duration
Modified duration
 
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Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

If you find it in your heart to care for somebody else, you will have succeeded.- Maya Angelou

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