8V November 2000 #2

[rabbit]

I am finally getting around to looking at last year's exam. In number 2, ``Adjusted Duration'' is mentioned.

Is this topic still on the syllabus?

[an2001on]

I think it's from article by Ho "Key Rate Durations". He shows that you can go back and forth btwn key-rate durations and partial durations(Reitano), Ho calls them adjusted durations.

Hope this helps.

I am still not clear what to do with the case study (besides reading it).