Question: Why is duration a good approximation for small changes in the YTM but not with large changes in the YTM? Group of answer choices When

Why is duration a good approximation for small changes in the YTM but not with large changes in the YTM? Group of answer choices When YTM increases, duration underestimates the change in a bond's price. When YTM decreases, duration overestimates the change in a bond's price. Duration explains the long term changes in price. Duration explains a linear relationship

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1. I try to create an image of the message

4. I try to make them feel what I really mean (1 is related to the visionary, 2 to the logical, 3 to action and 4 to the emotional).

4. What is the goal of the others in the network?