@article {Arnold53, author = {Tom Arnold and John H. Earl, Jr. and Cassandra D. Marshall}, title = {A Quick Approximation for Modified Bond Duration and Convexity}, volume = {18}, number = {3}, pages = {53--56}, year = {2015}, doi = {10.3905/jwm.2015.18.3.053}, publisher = {Institutional Investor Journals Umbrella}, abstract = {A bond pricing formula introduced by Arnold [2014] and Arnold and Earl [2014] is used as the basis for calculating bond duration and convexity. By calculating a present value annuity using the coupon rate as the discount rate, approximations for bond duration and convexity emerge that are much less calculation intensive and are reasonably accurate.TOPICS: Fixed income and structured finance, statistical methods}, issn = {1534-7524}, URL = {https://jwm.pm-research.com/content/18/3/53}, eprint = {https://jwm.pm-research.com/content/18/3/53.full.pdf}, journal = {The Journal of Wealth Management} }