A decline in the effective duration of a callable bond most likely implies that a bonds: A. yield-to-worst has risen. B. yield-to-maturity has risen. C.
A decline in the effective duration of a callable bond most likely implies that a bonds:
A. yield-to-worst has risen.
B. yield-to-maturity has risen.
C. benchmark yield curve has shifted upwards.
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Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
