Generally, fixed-income securities have two types of durations-Durations: Macaulay Duration, Modified Duration. 1. Macaulay Duration Macaulay Duration is the average time it takes to receive cash flows of the bond, weighted. It is measured in years and helps estimate the point in time when, generally, one can expect recovery of the price of a bond. The higher coupon rate or the shor... https://finxl.in/financial-analyst-course-certification.html