Because of Convexity of the Price/yield Curve of Fixed-Interest Securities,when

question 57

Multiple Choice

Because of convexity of the price/yield curve of fixed-interest securities,when interest rates _______,duration will _______ the change in price.

• A) fall; overestimate
• B) fall; underestimate
• C) rise; underestimate
• D) rise; not affect

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Skin Barrier Cream

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