Using the approximate method to estimate the curvature of the price-yield relation of a bond.
Approximate convexity = (V–+ V+ – 2V0) / (V0x ΔYTM2)
See also: Convexity adjustment
Using the approximate method to estimate the curvature of the price-yield relation of a bond.
Approximate convexity = (V–+ V+ – 2V0) / (V0x ΔYTM2)
See also: Convexity adjustment
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Many years ago, I was exactly where you are today—a CFA Level I candidate juggling a demanding full-time career with the daunting CFA curriculum. Coming from a Computer Engineering background, finance was entirely new territory for me. And yes, it was tough!
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