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The total price volatility of a typical noncallable bond can be found by: A. adding the bond's negative convexity to its modified duration. B. subtracting
The total price volatility of a typical noncallable bond can be found by:
A. | adding the bond's negative convexity to its modified duration. | |
B. | subtracting the bond's negative convexity from its positive convexity. | |
C. | adding the bond's convexity effort to its effective duration. | |
D. | subtracting the bond's modified duration from its effective duration, then add any positive convexity. |
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