ACCAspace_sitemap
PPclass_sitemap
sitemap_google
sitemap_baidu
CFA Forums
返回列表 发帖

请教以下题目

104.Convexity of bonds increases in importance when interest rates are:

a. high.

b. low.

c. expected to change very little.

d. less than the coupon rate on the bond.

答案是A.我不知道为什么。

好像notes上没有他们的关系呀

多多指教。谢谢

Convexity is important when the change in yield is large but it has nothing to do with the interest rate itself. I think this question is a little bit misleading.

[此贴子已经被作者于2006-12-3 11:22:32编辑过]

TOP

把英文弄懂了再问,increases in importance 〉〈increases

TOP

ding

TOP

返回列表