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Hi David / Nicole, Thank you for the explanation and for highlighting the search function! The youtube video was also particularly helpful.

Hi, I am confused on the difference in how John Hull (John Hull Example 4.6) and Tuckman (Tuckman Table 4.6) calculates their Macaulay duration in order to determine the modified duration. In John Hull's example, he uses continuous compounding to determine present value of the cash flows and...