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prav_Cfa7

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tT
发表于 2013-4-10 02:53 | 只看该作者

another fixed income..

free, measures, another, income, doesnt
compared to option free bond a callable bond has more
interest rate risk? reinvestment risk?
i said no yes…since IR risk measures duration and callable has lower duration i.e when rates rise callable doesnt fall AS MUCH as option free
concur??
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Siddimaula

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2#
发表于 2013-4-10 03:00 | 只看该作者
i think no yes

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homie

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3#
发表于 2013-4-10 03:15 | 只看该作者
I put No yes

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needhelp1700

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4#
发表于 2013-4-10 03:30 | 只看该作者
I picked Yes, Yes…. it has lower duration cause it has positive convexity, but in essence positive convexity at low yield is more interest rate risk (ie. price doesn’t go up when interest rate drop)?
This is not the case?

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HuskyGrad2010

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5#
发表于 2013-4-10 03:45 | 只看该作者
price doesn’t go up when interest rate drop – This means less sensitive not more.

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