Calculation of certain bonds duration on the financial market of Bosnia and Herzegovina

Bankarstvo

卷:43

Alihodžić Almir¹ 

[1] Univerzitet u Zenici, Ekonomski fakultet Zenica, Bosna i Hercegovina;

关键词: duration;    modified duration;    convexity;    yield to maturity;   

DOI  :  10.5937/bankarstvo1401064A

来源: DOAJ

【 摘 要 】

Duration is the main measure of price sensitivity which is used on the bond market. It indicates how much the bond price would change under the impact of change in the market interest rates. There is an inverse link between the bond price and yield through the interest rates. With the rise and fall of interest rates bond holder makes capital gain or loss. The main objective of this work is to determine sensitivity of certain bonds on the financial market of Bosnia and Herzegovina (BiH) to the change in maturity term, and the importance of bonds as an alternative form of financing.

【 授权许可】

Unknown