What is duration and why is it a more valid metric to consider for coupon-paying bonds than
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What is duration and why is it a more valid metric to consider for coupon-paying bonds than maturity? What is the relation between duration and price volatility for bonds with the same maturity?
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Duration is the weighted average of the maturities of the future payments to be made by t...View the full answer
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Related Book For
Contemporary Financial Intermediation
ISBN: 9780124052086
4th Edition
Authors: Stuart I. Greenbaum, Anjan V. Thakor, Arnoud Boot
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