返回列表 发帖

Bond Duration

I could not understand the following:

Schweser SS15 P29:
Duration of zero coupon bond is approximately equal to the years to maturity, and duration of a floater is equal to the fraction of the year until the next reset date.

Isn't Duration = - %change in bond price/yield change in %? So how would that translate into the statement above?

返回列表