Th e market value of the bond portfolio of a French investment fund is 75 million. Th

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Th e market value of the bond portfolio of a French investment fund is €75 million. Th e duration of the portfolio is 8.17. Based on the analysis provided by the in-house economists, the portfolio manager believes that the interest rates are likely to have an unexpected decrease over the next month. Based on this belief, the manager has decided to increase the duration of its entire bond portfolio to

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Fixed Income Analysis

ISBN: 9788126563128

3rd Edition

Authors: Barbara S. Petitt, Jerald E. Pinto, Wendy L. Pirie, Bob Kopprasch

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