Electronic Resource
Oxford, UK
:
Blackwell Publishing Ltd
Journal of business finance & accounting
11 (1984), S. 0
ISSN:
1468-5957
Source:
Blackwell Publishing Journal Backfiles 1879-2005
Topics:
Economics
Notes:
This note derives an expression for duration in terms of the economic depreciation of a capital budgeting project or financial instrument. By showing how the decline in the value of an asset or liability influences duration, additional insight into the characteristics of this measure is obtained. The new formula shows that duration equals a standard value, which is adjusted for depreciation or appreciation.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1111/j.1468-5957.1984.tb00748.x
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