Question
You own a bond with effective duration of 5.35 and effective convexity of 735.0. If the yield declines by 75 basis points you could expect
You own a bond with effective duration of 5.35 and effective convexity of 735.0. If the yield declines by 75 basis points you could expect an immediate capital gain of approximately:
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
