What is 'Duration'. Duration is a measure of the sensitivity of the price -- the value of principal -- of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. Bond prices are said to have an inverse relationship with interest rates.
Now, an attractions employee of Walt Disney World who has put in, for sake of argument, 40 years with the company (yes, they exist, I have met many) after this contract will make $14.07 an hour (with additional $.50 per hour wage increases per year over the next three years).
How much money does Disney make? A: At the end of the 2013 fiscal year, the Walt Disney Company reported taking in a total of $11.57 billion in the fourth quarter for an overall profit of $1.39 billion for the quarter. As of May 2014, the Walt Disney Company was worth approximately $143 billion.