Malkiel's Theorems

.xlsx
Malkiel's Theorems 1.Bond prices and bond yields move in opposite directions. 2.For a given change in a bond's YTM, the longer the term to maturity, t 3.For a given change in a bond's YTM, the size of the change in the bond 4.For a given absolute change in a bond's YTM, the magnitude of the pr 5.For a given change in a bond's YTM, the absolute magnitude of the re
the greater the magnitude of the change in the bond's price. d's price increases at a diminishing rate as the bond's term to maturity rice increase caused by a decrease in yield is greater than the price dec esulting change in the bond's price is inversely related to the bond's cou
y lengthens. crease caused by an increase in yield. upon rate.
Uploaded by sunnyfoxeagle644229 on coursehero.com