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Duration is commonly used as a measure of interest rate risk forindividual bonds as well as for portfolios of bonds. However,duration does not consider yield
Duration is commonly used as a measure of interest rate risk forindividual bonds as well as for portfolios of bonds. However,duration does not consider yield curve risk. Why?
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
