Note on Duration and Convexity Case Solution
This case focuses on two important measuring tools of price sensitivity: they are duration and convexity. These tools are typically used to estimate how sensitive a bond's price is to a change in interest rate levels.
Nevertheless, as convexity, both duration and theories have broader program: duration and convexity take into account any change for any risk factor influencing the price of any financial instrument.
PUBLICATION DATE: August 27, 2004 PRODUCT #: 205025-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING