Question
Explain the concept of duration and then comment on the statement, It is possible that a bond with a shorter maturity than another bond may
Explain the concept of duration and then comment on the statement, It is possible that a bond with a shorter maturity than another bond may actually have a longer duration and be more price sensitive to interest rate changes. Explain why a bond with a shorter maturity than another bond could have a longer duration; use examples (700 + WORDS).
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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
