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Suppose You Hold a Bond and Interest Rates Suddenly Fall

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Suppose you hold a bond and interest rates suddenly fall. Duration says that bond prices will raise a given amount. If Convexity is included in this estimate, will bond prices go above or below what Duration predicts?

Analyze the ideologies and political theories relevant to the 18th century, including mercantilism and the concept of balance of power.
Identify the roles and viewpoints of significant individuals and groups during the 18th century.
Examine the impact of European conflicts and policies on global territories and populations.
Understand the significance of and differences between political factions of the time, such as the Tories and the Whigs.

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