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How can duration be used to determine a rough measure of the percentage change in the...

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Finance

How can duration be used to determine a rough measure of thepercentage change in the price of a bond as a result of interestrate changes?

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The sensitivity of changes in bonds price with change in interest rate or yield to maturity of bond is referred to as duration Duration gives us the linear change in price of bond due change in interest rate There are various measures of    See Answer
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