Question: ****I thought it was answer B but I got it wrong**** be a generic bond pricing function as discussed in the lectures. Dollar duration is:
****I thought it was answer B but I got it wrong****
be a generic bond pricing function as discussed in the lectures. Dollar duration is:
Question 2 options:
| A. | How long it takes on average to get the bond payments back. |
| B. | A measure interest rate risk as captured by the slope of the yield curve |
| C. | The slope of the bond pricing function. |
| D. | The second order derivative of the bond pricing fuction at certain level of the yield y |
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