caca 当前离线
金牌会员
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
freeson 当前离线
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eternal 当前离线
中级会员
winwinwin 当前离线
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]
发表于 2006-11-23 15:18
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