Explain why the effective duration is a more appropriate measure of a complex financial instrument's price sensitivity

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Explain why the effective duration is a more appropriate measure of a complex financial instrument's price sensitivity to interest rate charges than is modified duration.

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Foundations Of Financial Markets And Institutions

ISBN: 9780136135319

4th Edition

Authors: Frank J Fabozzi, Franco G Modigliani, Frank J Jones

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Question Posted: Mar 02, 2024 05:01 AM

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Explain why the effective duration is a more appropriate measure of a complex financial instrument's price sensitivity

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Foundations Of Financial Markets And Institutions

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