Examlex
The ________ is a measure of ________.
Convexity
A measure of the curvature in the relationship between bond prices and bond yields that demonstrates how the duration of a bond changes as the interest rate changes.
Modified Duration
A measure that estimates the price sensitivity of a bond to a one percent change in interest rates, adjusting for the changing yield to maturity.
Yield To Maturity
The total return anticipated on a bond if the bond is held until it matures.
Duration
A measure of the sensitivity of the price of a bond or other fixed-income investment to changes in interest rates, typically expressed in years.
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