3. How is duration related to the interest elasticity of a fixedincome security? What is the relationship

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3. How is duration related to the interest elasticity of a fixedincome security? What is the relationship between duration and the price of a fixed-income security? ( LG 3-8 )

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Financial Markets And Institutions

ISBN: 9780071086745

5th International Edition

Authors: Anthony Saunders, Marcia Cornett

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