Option-adjusted duration and effective duration are alternative measures used by analysts to evaluate fixed-income securities with embedded

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Option-adjusted duration and effective duration are alternative measures used by analysts to evaluate fixed-income securities with embedded options. Briefly describe each measure, and how to apply each to the evaluation of fixed-income securities with embedded options.

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Investment Analysis and Portfolio Management

ISBN: 978-0538482387

10th Edition

Authors: Frank K. Reilly, Keith C. Brown

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