![]() There are many types of duration, and all components of a bond, such as its price, coupon, maturity date, and interest rates, are used to calculate duration. It is a very important number for portfolio managers, financial advisors, and clients to consider when selecting investments because-all other risk factors equal-bonds with higher durations have greater price volatility than bonds with lower durations. The British Mod style emerged from a desire among British youth to break away from the stiffness. In America ‘crew cut’ is used more broadly to refer to a range of short haircuts and a traditional crew cut would be known as a Burr Cut. Modified duration measures the average cash-weighted term to maturity of a bond. A short cut in which the hair is cut an even, short length (usually around 1/4 inch or less) all over. ![]()
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