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The change in the market price of an asset due to a change in market interest rates is roughly equal to the asset's duration times
The change in the market price of an asset due to a change in market interest rates is roughly
equal to the asset's duration times the relative change in interest rates attached to that
particular asset.
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
