The overwhelming empirical support of the Efficient Market Hypothesis makes it one of the widely accepted understandings in modern economics. The internal contradiction, relating to the fact that if inefficiencies didn't exist, opportunists would not search for them, which would in turn give...

Duration and convexity are important measures in fixed-income portfolio management and help develop methodologies in interest rate risk management. This article presents empirical test of duration and convexity of Zero-Coupon Bonds( ZCBs )at NSE in order to determine sensitivity of ZCBs prices...