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Documents Investments, 8 th edition Bodie, Kane and Marcus Slides by Susan Hine McGraw-Hill/Irwin Copyright ©...

Slide 1Investments, 8 th edition Bodie, Kane and Marcus Slides by Susan Hine McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. CHAPTER…

Documents Managing Bond Portfolios. 13.1 INTEREST RATE RISK.

Slide 1 Managing Bond Portfolios Slide 2 13.1 INTEREST RATE RISK Slide 3  Inverse relationship between price and yield  An increase in a bond ’ s yield to maturity…