Using Intuition from Elementary Physics to Explain Bond Duration
作者:
RobertA. Strong,
期刊:
The Engineering Economist
(Taylor Available online 1990)
卷期:
Volume 35,
issue 4
页码: 295-304
ISSN:0013-791X
年代: 1990
DOI:10.1080/00137919008903023
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
A thorough understanding of the concept of duration is essential to sophisticated fixed—income security management and is useful in many capital budgeting applications. This paper uses principles from physics to provide intuition into the duration statistic.
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