12. Explain why the effective duration is a more appropriate measure of a complex financial instruments price

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12. Explain why the effective duration is a more appropriate measure of a complex financial instrument’s price sensitivity to interest rate changes than is modified duration.

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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Question Posted: Oct 21, 2024 01:00 AM

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12. Explain why the effective duration is a more appropriate measure of a complex financial instruments price sensitivity to interest rate changes than is modified duration.
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12. Explain why the effective duration is a more appropriate measure of a complex financial instruments price

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Foundations Of Global Financial Markets And Institutions

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