Question
Is the following statement true or false? If the convexity of a bond portfolio is positive and its duration is zero, then a small negative
Is the following statement true or false?
If the convexity of a bond portfolio is positive and its duration is zero, then a small negative parallel shift in the yield curve increases the duration of the portfolio.
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
