Dean Corso, a portfolio manager at Ninth Gate Investments, is making a presentation to a group of
Question:
Dean Corso, a portfolio manager at Ninth Gate Investments, is making a presentation to a group of investors. He states ”If two portfolios have the same modified duration, they have the same interest rate risk. Specifically, for a given change in yields, these two portfolios will respond in the same way.” Do you agree or disagree with this statement?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Introduction To Fixed Income Analytics
ISBN: 9780470572139
2nd Edition
Authors: Steven V. Mann, Frank J. Fabozzi
Question Posted: