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modern
Modern Apprenticeship
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Modern English
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modified duration
mod·i·fied du·ra·tion


noun 
Definition:
 
change in financial instrument's value: a measure of how a financial instrument's value changes in relation to its yield
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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