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Discuss the effect that duration has on bond price sensitivity to interest rate changes and explain how the reinvestment rate for inflows may materially affect
Discuss the effect that duration has on bond price sensitivity to interest rate changes and explain how the reinvestment rate for inflows may materially affect the final value of an investment.
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
