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Basic Question 4 of 5

Which type of bonds may have negative convexity?

A. traditional option free bonds
B. callable bonds
C. putable bonds

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

compare effective convexities of callable, putable, and straight bonds;

CFA® 2025 Level II Curriculum, Volume 4, Module 28.