What is Duration? | SIE, SERIES7, SERIES65, SERIES66 Exam Prep

Duration is a measure of a bond's price sensitivity to interest rate changes, expressed in years. A higher duration means greater price volatility when interest rates change. 📚 Learn more about Duration and other key terms for your SIE, SERIES7, SERIES65, SERIES66 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7, SERIES65, SERIES66 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Duration definition: https://www.open-exam-prep.com/glossary/duration 💡 Exam Tip: Duration = interest rate sensitivity. Higher duration = more risk. Zero coupon: duration = maturity. Rates up 1% = price down by duration %. --- #securities #examprep #financeexam #sie #series7 #series65 #series66