The meaning and definition of Average Maturity - F
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Posted On: 03/16/2013 12:13:59 AM
The meaning and definition of Average Maturity -
For a bond fund, the average number of years until all negotiable instruments held by the fund become due and payable. Average maturity does not take into consideration the fact that some bond issuers may call bonds held by the fund before their maturity date.
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