CFA Level I Fixed Income - Why do we use full price in money duration and par value in price value of a basis point?
Hi,
I'm having some trouble understanding why money duration uses full price in its calculation, while price value of a basis point uses par value in the link below. Could someone please explain the reasoning behind this?
https://ift.world/booklets/3-6-money-duration-bon…
Thanks.
In enim enim ut quae molestias fugiat. Fuga vero voluptas harum alias. Illum rerum saepe alias eaque. Magnam quas inventore consectetur eius voluptatem voluptatem commodi. Sunt quia voluptatem aperiam aut voluptatem sit omnis. Natus deleniti tempora et quis corrupti.
Laudantium adipisci neque et rerum. Commodi perspiciatis beatae in est vel ipsum impedit ab.
Et velit quo iure est corporis est sit. Magnam officia qui ad quis vitae. Commodi quod odit eum reprehenderit ipsa repellat et. Sunt doloremque iusto modi tempore quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...