Question
Which of the following statements is INCORRECT. All else equal, 1. Duration measures the sensitivity of a bond's price to changes in interest rate. 2.
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Which of the following statements is INCORRECT. All else equal,
1. Duration measures the sensitivity of a bond's price to changes in interest rate.
2. If a bond's market value is equal to its par amount, then its YTM will be equal to its coupon rate.
3. The estimated market price of a bond is the sum of its future discounted cash flows.
4. If a bond's yield-to-maturity (YTM, i.e., market interest rate) is greater than its coupon rate, then the bond is trading at a premium.
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Bitcoin Complete Guide To Bitcoin Understand Everything From Getting Started With Bitcoin Sending And Receiving Bitcoin To Mining Bitcoin
Authors: Mr Mark Gates
1st Edition
1974565491, 978-1974565498
