Explain how modified duration and convexity are used to approximate the change in the price of a
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Explain how modified duration and convexity are used to approximate the change in the price of a bond for a given change in interest rates.
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Interest rate risk is the risk that a security or portfolio will suffe...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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