What are the limitations of using duration as a measure of a bonds price sensitivity to interest-rate

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What are the limitations of using duration as a measure of a bond’s price sensitivity to interest-rate changes?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:25 AM

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What are the limitations of using duration as a measure of a bonds price sensitivity to interest-rate

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Below we discuss three limitations of using duration First duration measures are only approximations ...View the full answer

Bond Markets Analysis and Strategies

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