7. Duration (LO1, CFA3) Which of the following most accurately measures interest rate sensitivity for bonds with

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7. Duration (LO1, CFA3) Which of the following most accurately measures interest rate sensitivity for bonds with embedded options?

a. Convexity

b. Effective duration

c. Modified duration

d. Macaulay duration

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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