Can Duration -- Interest Rate Risk -- and Convexity Explain the Fractional Price Change and Market Risk of Equities?
In the last two decades, duration analysis has been largely applied to fixed - income securities . However, since rising and falling interest rates have been determined to be a major cause of stock price movements, equity duration has received a great deal of attention. The duration of an equity is...
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| Format: | Others |
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DigitalCommons@USU
1993
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| Online Access: | https://digitalcommons.usu.edu/etd/3844 https://digitalcommons.usu.edu/cgi/viewcontent.cgi?article=4859&context=etd |