Which of the following is correct about the application of duration? a. Duration can be used to
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Question:
Which of the following is correct about the application of duration?
a. Duration can be used to provide an exact price impact from changes in interest rates.
b. Yield curve risk does not impact duration.
c. Effective duration is another name for the modified duration.
d. None of the above.
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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