You hold a portfolio of bonds. You read in the financial press that market interest rates have
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You hold a portfolio of bonds. You read in the financial press that market interest rates have increased. Holding everything else constant, what has just happened to the duration of your bond portfolio?
a. Increased since bond prices have fallen
b. Decreased since bond prices have risen
c. Increased since bond prices have risen
d. Decreased since bond prices have fallen
PortfolioA portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Related Book For
Money, Banking, Financial Markets and Institutions
ISBN: 978-0538748575
1st edition
Authors: Michael Brandl
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