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What is convexity? How does convexity affect duration-based predicted price changes for interest rates changes? Given the functions of the money markets, why is it
- What is convexity? How does convexity affect duration-based predicted price changes for interest rates changes?
- Given the functions of the money markets, why is it necessary for money market securities to have a maturity of one year or less and low default risk?
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Macroeconomics Principles, Problems, & Policies
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
20th Edition
0077660773, 9780077660772
