Question
You own a fixed income security which will generate $600 at time one, $700 at time two, and $200 at time three, where time is
You own a fixed income security which will generate $600 at time one, $700 at time two, and $200 at time three, where time is measured in years. The current annual effective interest rate is 7%. Calculate the convexity of the fixed income security.
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The Laymans Guide To Managing Your Investments
Authors: Thomas Dunleavy
1st Edition
979-8763592214
