I think the use of language here is rediculous. They call key rate duration ‘functional duration’ which I’d never come across and so got it wrong. However the question I have is, is answer A:
‘decreasing the dispersion of cash flows around the horizon date’
correct? I think they key here is which one BEST addresses it, but just want to check my understanding of part A) is correct.
Thanks作者: chunty 时间: 2013-4-22 07:09
