Subtract:

question 97

Essay

Subtract: .

Understand the concept of bond duration and its calculation.

Calculate the change in bond prices given duration and a change in yield.

Distinguish between Macaulay duration and modified duration.

Understand and apply the concept of convexity in bond pricing.

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Definitions:

Unfreezing Process

is the initial stage in the change management process, where existing beliefs, values, or processes are challenged to prepare an organization or individual for change.

Current Modes

Refers to the present methods, trends, or practices in a particular area or industry.

Achieving Goals

The process of identifying objectives and the actions required to attain them, typically involving setting specific, measurable, achievable, relevant, and time-bound (SMART) goals.

Open-System Perspective

A viewpoint in management and organization theory that organizations interact with and are influenced by their external environment.