Finance
Fixed Income Securities - Chapter 4.1 - Convexity
RIAGOL
2024. 3. 6. 09:00
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Gloria - Fixed Income Securities - Chapter 4.1 - Convexity
The relation between bond prices and interest rates is not linear. Clearly, for small changes in interest rate, the straight line and the curved line are very close to each other. However, for large changes, the approximation is relatively poor. To obtain
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