How is duration related to the interest elasticity of a fixed-income security? What is the relationship between

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How is duration related to the interest elasticity of a fixed-income security? What is the relationship between duration and the price of the fixed-income security?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:47 AM

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How is duration related to the interest elasticity of a fixed-income security? What is the relationship between

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Taking the first derivative of a bonds or any fixedinc...View the full answer

Financial Markets and Institutions

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