Average life at bonds market and yield to average life
Posted: December 17th, 2007, 4:08 am
Hey,I need some help with that please:What is average life at the bonds market? how is it computed?what is the formula?What is the yield to average life? what is the formula?When do I use average life in fixed income security? only at MBS and ABS? or at bonds also? and when in bonds?