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6) (RM 9.15) Prove (a) that the definitions of duration in equations (9.1) and (9.3) are the same when y is continuously compounded and (b)
6) (RM 9.15) Prove (a) that the definitions of duration in equations (9.1) and (9.3) are the same when y is continuously compounded and (b) that when y is compounded m times per year they are the same if the right hand side of equation (9.3) is divided by 1+y/m. D=B1yBD=i=1nti(Bvi) 6) (RM 9.15) Prove (a) that the definitions of duration in equations (9.1) and (9.3) are the same when y is continuously compounded and (b) that when y is compounded m times per year they are the same if the right hand side of equation (9.3) is divided by 1+y/m. D=B1yBD=i=1nti(Bvi)
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