3. Duration can be viewed as a proxy for the riskiness of a bond. All other things...

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3. "Duration can be viewed as a proxy for the riskiness of a bond. All other things being equal, the riskier of two bonds should have lower duration." Check this claim with an example. What is its economic logic?

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Financial Modeling

ISBN: 9780262024822

2nd Edition

Authors: Simon Benninga

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