reflexive knowledge. Knowledge used to broadly examine the assumptions, context, and moral-value positions of basic or applied social. research, including the research process itself and the. implications of what is learned; What are the implications of. reflexive knowledge for moral principles, such as justice,
Duration is defined as the length of time that something lasts. When a film lasts for two hours, this is an example of a time when the film has a two hour duration. duration. duration.
Macaulay duration is a time measure with units in years, and really makes sense only for an instrument with fixed cash flows. For a standard bond the Macaulay duration will be between 0 and the maturity of the bond. It is equal to the maturity if and only if the bond is a zero-coupon bond. Modified duration, on the other hand, is a derivative (rate of change) of price and measures the percentage rate of change of price with respect to yield.