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Pull to par

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This is an old revision of this page, as edited by Oleg Alexandrov (talk | contribs) at 06:12, 24 March 2006 (Category:Economics). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

For a coupon or a discount bond the volatility is certainly not constant (since the price has to converge to par at maturity).

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