Question: What is duration? What is modified duration? What is effective duration? What is convexity? What do duration and convexity measure? If the benchmark duration

What is duration? What is modified duration? What is effective duration? What

What is duration? What is modified duration? What is effective duration? What is convexity? What do duration and convexity measure? If the benchmark duration is 5, what duration are you targeting in rising rate environment? Why?

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