Question: When discount rates decrease, the bond price increases more than duration suggests due to ( ). A) convexity B) linearity C) negativity D) concavity
When discount rates decrease, the bond price increases more than duration suggests due to ( ). A) convexity B) linearity C) negativity D) concavity
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
