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Basic Question 5 of 5
Which duration measure approximates the percentage price change of a bond given a change in its yield-to-maturity?
B. Modified duration
C. Effective duration
A. Macaulay duration
B. Modified duration
C. Effective duration
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
define, calculate, and interpret modified duration, money duration, and the price value of a basis point (PVBP)
CFA® 2025 Level I Curriculum, Volume 4, Module 11.