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- 2014-8-7
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In reading 30, on page 112 of the CFAI text there is an example to calculate the par value needed to maintain the duration of a portfolio when adding a bond. To calculate this they use the equation:
Dollar Duration of the portfolio / Dollar Duration of the new bond * 100
However, in the equation given above the example in the text it states taht the equation should be:
Dollar Duration of the portfolio / Duration of the new bond * 100
Can someone please look into this and tell me if I am missing something?
Thanks,
TheChad |
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发表于 2013-4-2 11:13
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