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Documents Andrei Simonov - debt and money markets1 Finance u Finance means, literally, borrowing –The...

Slide 1 Andrei Simonov - debt and money markets1 Finance u Finance means, literally, borrowing –The borrower thinks it is debt –The lender thinks it is investment –Stock…

Documents 1 Chapter 12 Bond Prices and the Importance of Duration.

Slide 1 1 Chapter 12 Bond Prices and the Importance of Duration Slide 2 2 Outline u Introduction u Review of bond principles u Bond pricing and returns u Bond risk u The…