Examlex
The main purpose of those with an evaluative listening style is to try to determine the speaker's main message and important points.
Frederick Macaulay
An economist known for pioneering the concept of bond duration, which measures the sensitivity of a bond's price to changes in interest rates.
Duration Concept
A measure of the sensitivity of a bond's price to changes in interest rates, gauging how much a bond's price will change for a given fluctuation in rates.
Price Volatility
The degree of variation in the price of a financial instrument, commodity, or market index over time, often measured by the standard deviation of returns.
Convexity
This is a measure of the curvature or the degree of the curve in the relationship between bond prices and bond yields, indicating how the duration of a bond changes as the interest rate changes.
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