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Choose the true statement: a. Duration may not be used to determined the risk of a price change of the financial instrument due to the

Choose the true statement:

a.

Duration may not be used to determined the risk of a price change of the financial instrument due to the changes of interest rates

b.

The higher the duration of the instrument, the lower the risk of a price change of this instrument due to the changes of interest rates

c.

The higher the duration of the instrument, the greater the risk of a price change of this instrument due to the changes of interest rates

d.

Without information about the convexity the risk of a price change of the financial instrument due to the changes of interest rates may not be evaluated.

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