Q52. An analyst determines that an 8% option-free bond, maturing, in 2015, would experience a 3% change in price if market interest rise by 50 basis points. If market interest rate instead fall by 50 basis points, the bond's price would: A. increase by exactly 3%. B. increase by less than 3%. C. Decrease by less than 3%. D. Increase by more than 3%. 答案和详解如下：
Q52. D Study Session 16-72.b The bond is option-free and will therefore exhibit positive convexity. Are equal change is rates will produce a greater percentage gain when rates decrease than the percentage loss produced when rates increase.
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发表于 2007-11-5 19:21
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