Answered: ( ) is a…

( ) is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates. a.Convexity b.Maturity c.Duration d.Immunization

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter4: Bond Valuation

Section: Chapter Questions

Problem 9MC

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( ) is a measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates.

a.Convexity

b.Maturity

c.Duration

d.Immunization

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