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

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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? (LG 22-3)

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Financial Markets And Institutions

ISBN: 9780078034664

5th Edition

Authors: Anthony Saunders, Marcia Cornett

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