Examlex
Name the elements necessary to be successful in a case of negligence and show how these were applied in the case of Twomax Ltd v.Dickson, McFarlane & Robinson.
Modified Duration
A measure of the sensitivity of a bond's price to changes in interest rates, adjusting for the bond's yield to maturity.
Modified Duration
A measure that estimates the price sensitivity of a bond or bond portfolio to interest rate changes, adjusting for the changing yield to maturity.
Convexity
A measure of the curvature or the rate of change of the bond's duration as interest rates change, affecting the bond's price sensitivity to interest rate changes.
Yield
The income generated by an investment, often expressed as a percentage of the investment's cost or market value.
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