Posted: April 11th, 2022
The text discusses 6 features and the impact of the duration (Pp. 516-518) of a bond that affects the sensitivity of its price. Select and analyze one feature or discuss how duration impacts the sensitivity of a bond.
Consider these questions in your answer and reply to your classmates:
Why is the feature a concern?
What does this mean for investors?
Can investors avoid this feature, why or why not?
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