CFA Level 1 | Fixed Income: 4 Ways to Calculate Macaulay Duration of a Bond

For CFA exam preparatory courses, visit https://www.noesis.edu.sg. CFA Level 1 Topic: Fixed Income Reading: Understanding Fixed Income Risk and Return If you are worried about having to memorize the closed-form formula for Macaulay duration, fear not, there is an easier way to calculate it. In this video, I show four ways to calculate Macaulay duration Method 1: General Formula Method 2: Closed-Form Formula Method 3: Approximation using Modified Duration Method 4: BOND function (Texas BA II Professional Only)