Exercise 5.8.1 Assume continuous compounding. Show that if the yields to maturity of all fixed-rate bonds change

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Exercise 5.8.1 Assume continuous compounding. Show that if the yields to maturity of all fixed-rate bonds change by the same amount, then (1) the spot rate curve must be flat and (2) the spot rate curve shift must be parallel. (Hint: The yields of zero-coupon bonds of various maturities change by the same amount.)

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