Question
1. As YTM increases, dollar price increases / decreases. Which is it? 2. As YTM increases, duration increases / decreases. Which is it? 3. As
1. As YTM increases, dollar price increases / decreases. Which is it?
2. As YTM increases, duration increases / decreases. Which is it?
3. As YTM increases, convexity increases / decreases. Which is it?
4. If the reinvestment rate exceeds the YTM, the RCY will be less than / greater than the YTM. Which is it?
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Equity Valuation And Portfolio Management
Authors: Frank J. Fabozzi, Harry M. Markowitz
1st Edition
047092991X, 9780470929919
