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Basic Question 5 of 5
A fixed-income portfolio manager owns a $5 million par value non-callable bond. The bond's duration is 5.6 and the current market value is $5,125,000. The dollar duration of the bond is closest to ______.
B. $287,000
C. $700,000
A. $280,000
B. $287,000
C. $700,000
User Contributed Comments 3
| User | Comment |
|---|---|
| tomalot | For anyone that's interested, the answer is also $287,000.0000000000 |
| GBolt93 | You definitely rounded that last 0 |
| sshetty2 | yep. Forgot a zero. please go back to notes |
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.