caca 当前离线
CFA New Member
104.Convexity of bonds increases in importance when interest rates are:
a. high.
b. low.
c. expected to change very little.
d. less than the coupon rate on the bond.
答案是A.我不知道为什么。
好像notes上没有他们的关系呀
多多指教。谢谢
winwinwin 当前离线
Convexity is important when the change in yield is large but it has nothing to do with the interest rate itself. I think this question is a little bit misleading.
[此贴子已经被作者于2006-12-3 11:22:32编辑过]
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freeson 当前离线
发表于 2006-11-23 15:18
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