定理二:当债券的收益率不变，即债券的息票率与收益率之间的差额固定不变时，债券的到期时间与债券价格...
债券定价：人们在购买债券获得的是在未来某个时间点的收益权。由于货币时间价值的存在，投资者需要选择合...
BONDS AND DURATION( 债券久期) 11. BONDS AND IMMUNIZATION( 债券 …www.hkftuorc.org|基于5个网页 2. 债券与存续期间 Chapter 30 ... 选择权订价模型 Option-Pricing Models 债券与存续期间 Bonds and Duration 数理技巧 Technical Consideration ... nas.takming.edu.tw|基于5个网页...
There are five different types of bonds: treasury, savings, agency, municipal, and corporate. Each has its own duration and risk level.
The first approximation is referred to as duration. To improve upon this approximation, a second measure is estimated and is referred to as convexity. There are different types of duration measures: duration, dollar duration, modified duration, Macaulay duration, effective duration, option-adjusted ...
A bond's sensitivity to interest-rate risk can be measured by its duration, calculated as a weighted average of the present value of the bond's cash flows from interest and principal repayment. The higher the duration, the more sensitive a bond's price is to rate changes. For instance, ...
is called “duration.” The use of the term duration in this contextcan be confusing to new bond investorsbecause it does not refer to the length of time the bond has before maturity. Instead, duration describes how much a bond’s price will rise or fall with a change in interest rates...
Does approximating duration estimates by ignoring default risk lead to error in the two majorduration applications--measuring interest-rate price elasticity and immunization? We derive ageneral expression for duration in the presence of default risk based on Jonkhart's termstructure model (1979) extend...
is called “duration.” The use of the term duration in this contextcan be confusing to new bond investorsbecause it does not refer to the length of time the bond has before maturity. Instead, duration describes how much a bond’s price will rise or fall with a change in interest rates...