Does a callable bond exhibit negative or positive convexity?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:40 AM

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Does a callable bond exhibit negative or positive convexity?

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A bond that is optionfree displays positive convexity which me...View the full answer

Bond Markets Analysis and Strategies

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