Which of the following measures the sensitivity of the asset’s price to interest rate movements, expressed as a number of years?
A. Duration
B. Yield to maturity
C. Convexity
D. Immunization
Which of the following measures the sensitivity of the asset’s price to interest rate movements, expressed as a number of years?
A. Duration
B. Yield to maturity
C. Convexity
D. Immunization