Question: d) Comment on the relationship between bond prices and yield to maturity with reference to the $ amount of estimation error within your projection of

 d) Comment on the relationship between bond prices and yield to

d) Comment on the relationship between bond prices and yield to maturity with reference to the $ amount of estimation error within your projection of the portfolio value using only Duration. [15 marks] e) Discuss the link that Duration or Modified Duration have with: i. Time to Maturity Yield to Maturity iii. Coupon Rate [15 marks]

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