The duration rule always ________ the value of a bond following a change in its yield.
A) underestimates
B) provides an unbiased estimate of
C) overestimates
D) The estimated price may be biased either upward or downward, depending on whether the bond is trading at a discount or a premium.

Question

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The Answer of The duration rule always ________ the value of a bond following a change in its yield.
A) underestimates
B) provides an unbiased estimate of
C) overestimates
D) The estimated price may be biased either upward or downward, depending on whether the bond is trading at a discount or a premium.

The Duration Rule Always ________ the Value of a Bond