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Which one of the followings is not a characteristic of a bond's convexity? A bond with negative convexity will have a greater price increase than
Which one of the followings is not a characteristic of a bond's convexity? A bond with negative convexity will have a greater price increase than estimated by duration for a large interest rate decline. Convexity considers to be a better measure of interest rate risk than duration. Convexity is a measure of the curvature in the relationship between bond prices and bond yields and how the duration of a bond changes as the interest rate changes
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