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Without any exact calculation of Convexity, notice the discrepancy between the actual price change resulted from term structure change versus the price change expected from
- Without any exact calculation of Convexity, notice the discrepancy between the actual price change resulted from term structure change versus the price change expected from duration only. If you were to be an investment advisor for this specific bond, would you recommend this bond to your client given that your research indicates the overall yield will be lower?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
