文本成果问题天questions day.pdfVIP

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  • 2025-06-21 发布于北京
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QuestionsDay3

1.Discusstherelationshipweenconvexityandduration.Considertwobonds

withthesameduration.Isthebondwithmoreconvexitymoreorlessdesirable

thanthebondwithlessconvexity?Why?“Abankmayseektoattaingreater

convexityinitsassetsthaninitsliabilities.”Explain.

2.Whatarethedifferencesweenamicrohedgeandamacrohedgefora

bank?Whyisitgenerallymoreefficientforbankstoemployamacrohedge

thana

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