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Jason broke his finger playing football,while Sean tore the cartilage in his knee playing basketball.Which one will heal faster and why?
Modified Duration
A measure indicating the sensitivity of a bond's price to changes in interest rates, estimating the percentage price change for a parallel shift in yield curves.
Yield
The income return on an investment, such as the interest or dividends received, expressed as an annual percentage of the investment's cost.
Market Efficiency
A concept that describes the degree to which stock prices and other securities' prices reflect all available, relevant information.
Portfolio Manager
A professional responsible for making investment decisions and carrying out investment activities on behalf of vested interests.
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