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The duration for the CD of Bank B is calculated above to be 7.001 years. Since the bond is a zero-coupon, the duration is equal to the maturity of 7 years. Using the duration formula to estimate the change in value: Bond: (Value =.
For individual investors, duration is primarily used as a measure of a bond fundâs sensitivity to prevailing interest rates. It's defined as the weighted average of the payments an investor will receive over time, discounted to the bond's present value.