The second-order effect on a bonds percentage price change given a change in yield-to-maturity can be best
Question:
The “second-order” effect on a bond’s percentage price change given a change in yield-to-maturity can be best described as:
A. Duration.
B. Convexity.
C. Yield volatility.
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The secondorder effect on a bonds percentage price change given a change in yieldtomaturity is ...View the full answer
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