Duration Is a Direct Measure of the Interest Rate Sensitivity

question 71

Multiple Choice

Duration is a direct measure of the interest rate sensitivity of an asset or liability, which means that:

• A)the smaller the duration, the more sensitive the price of that asset or liability
• B)the larger the duration, the less sensitive the price of that asset or liability
• C)the larger the duration, the more sensitive the price of that asset or liability
• D)None of the listed options are correct.

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Definitions:

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