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Convex

• Bowed, as in the shape of a curve. Usually referring to the price/required yield relationship for option-free bonds.

 
 Embedded terms in definition
 Required yield
Yield

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Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great. - Mark Twain (1835-1910)

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