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Adjusted duration (D*) and convexity (C) are used to estimate how much the bond price will fall when the yield to maturity (YTM) of a
Adjusted duration (D*) and convexity (C) are used to estimate how much the bond price will fall when the yield to maturity (YTM) of a bond with a par of $2,000 and a coupon rate of 11% (annual interest payment) increases from 8.0% to 9.0%. to estimate (Display $ to two decimal places.)
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
6th Edition
0077211332, 9780077211332
