Discuss why duration is an inappropriate measure of interest rate risk for interest rate swaps.

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Debt Markets And Investments

ISBN: 9780190877439

1st Edition

Authors: H. Kent Baker, Greg Filbeck, Andrew C. Spieler

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Question Posted: Dec 07, 2023 03:24 AM

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Discuss why duration is an inappropriate measure of interest rate risk for interest rate swaps.

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Duration is the percentage change of a securitys price for a given per...View the full answer

Debt Markets And Investments

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