Describe negative convexity and its impact on callable bonds.
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Describe negative convexity and its impact on callable bonds.
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Convexity is a measure of the curvature of the bond price function Because the relation be...View the full answer
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Related Book For
Debt Markets And Investments
ISBN: 9780190877439
1st Edition
Authors: H. Kent Baker, Greg Filbeck, Andrew C. Spieler
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