Question
A financial consultant made the following comment while addressing a team of newly hired portfolio managers:The accuracy of duration measures is improved by choosing a
A financial consultant made the following comment while addressing a team of newly hired portfolio managers:The accuracy of duration measures is improved by choosing a smaller yield-to-maturity change.The statement is most accurate with respect to:
A. modified duration only
.B. effective duration only.
C. modified duration and effective duration.
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
