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8#
发表于 2011-7-13 16:13
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By the way, Schweser sample found at the Samples header above links to free notes for SS 14 (I think 14) but includes notes on duration.
This isn't clear to me but I accept it at, heh, face value:
Higher Coupon ----> You'll recover money sooner ----> lesser Risk ---> less duration
I merely think of the effect of having a relatively higher numerator in the bond price PV equation relative to yield. I'm quite sure how a higher coupon rate determines that one may recover their money sooner. |
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