Examlex
Some properties of a certain glass are listed here: Density 2300 kg/m3
Specific heat capacity 840 J/kg ? C°
Coefficient of thermal expansion 8.5 × 10-6 (C°) -1
Thermal conductivity 0.80 W/m ? C°
A glass window pane is 2.7 m high, 2.4 m wide, and 9.0 mm thick. The temperature at the inner surface of the glass is and at the outer surface 4°C. How much heat is lost each hour through the window?
Duration
A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, often expressed in years.
Par Value
The face value of a bond or the stock value stated in the corporate charter, often used in reference to bonds.
Immunization
A strategy used in fixed income to shield a portfolio from interest rate fluctuations by aligning the durations of assets and liabilities.
Duration Matching
Duration matching is an investment strategy used to minimize the interest rate risk by matching the duration of assets and liabilities, ensuring changes affect both sides similarly.
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