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Basic Question 1 of 17

Refer to the following price-yield curve.

The estimated changes due to duration are represented by ______.

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User Contributed Comments 2

User Comment
msusolar can anybody explain?
CFAMay2022 A&B reps changes in price due to change in YTM/slope of the tangent line (rather than actual changes on curve)
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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

calculate and interpret convexity and describe the convexity adjustment

calculate the percentage price change of a bond for a specified change in yield, given the bond's duration and convexity

CFA® 2025 Level I Curriculum, Volume 4, Module 12.