4. A property of an option-free bond is that for a given change in basis points, the...
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4. A property of an option-free bond is that for a given change in basis points, the percentage price increase is greater than the percentage price decrease.
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Measuring And Controlling Interest Rate And Credit Risk
ISBN: 9780471268062
2nd Edition
Authors: Frank J. Fabozzi, Steven V. Mann, Moorad Choudhry
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