A Comparison of Macaulay Approximations
We discuss several known formulas that use the Macaulay duration and convexity of commonly used cash flow streams to approximate their net present value, and compare them with a new approximation formula that involves hyperbolic functions. Our objective is to assess the reliability of each approxima...
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| Автор: | |
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| Формат: | Artigo |
| Мова: | Inglês |
| Опубліковано: |
MDPI AG
2022-07-01
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| Серія: | Risks |
| Предмети: | |
| Онлайн доступ: | https://www.mdpi.com/2227-9091/10/8/153 |
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