# Bond Duration Definition and Formula

- The estimate of the percentage price change for a 100 basis point change in yield.
- (price if yields decline – price if yield rises) / (2 * initial price * change in yield in decimal)

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- The estimate of the percentage price change for a 100 basis point change in yield.
- (price if yields decline – price if yield rises) / (2 * initial price * change in yield in decimal)

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