Respond to one selected question giving real-world examples to support all your answers.
- What does duration measure and how is the measure used by investors?
- How would you assess interest rate risk when investing in bonds?
- Discuss two macro variables that affect changes in interest rates. If you watch these variables, could you predict interest rate movements, even if only approximately?
Write your answer to the question in approximately 600-800 words formatted in the current APA style. All written assignments and responses should follow APA rules for attributing sources.