h) The bond price risk, that is, the relative change in price, AP P, can be easily written in terms of the modified duration AP D Ay Carefully explain this equation and the terms in it Why is there a minus sign Then, using this equation, describe the impact of the modified duration on price risk h...

The bond price risk or the sensitivity of a bonds price to changes in its yield or interest rates ca ...

h) The bond price risk, that is, the relative change in price, AP/P, can be easily...

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