Bonds are sensitive to interest rate risk, which means that when interest rates rise, the value of bonds falls ... you would have a choice between two formulas: Macaulay Duration, which is ...

Chacko, George C., Peter A. Hecht, Vincent Dessain, and Monika Stachowiak. "Note on Bond Valuation and Returns." Harvard Business School Background Note 205-008, August 2004. (Revised September 2004.) ...

Par value is simply the stated value of a share of stock or bond when it's first issued. While the definition of par value is the same for both stocks and bonds, how it affects investors differs ...