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Basic Question 20 of 24
If a central bank is engaging in an expansionary monetary policy, it will most likely result in a(n) ______ term structure of yield volatility.
B. flat
C. upward-sloping
A. downward-sloping
B. flat
C. upward-sloping
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Learning Outcome Statements
explain why effective duration and effective convexity are the most appropriate measures of interest rate risk for bonds with embedded options
calculate the percentage price change of a bond for a specified change in benchmark yield, given the bond's effective duration and convexity
CFA® 2025 Level I Curriculum, Volume 4, Module 13.