- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 12. Yield-Based Bond Convexity and Portfolio Properties
- Subject 1. Bond Convexity and Convexity Adjustment
CFA Practice Question
Refer to the following price-yield curve.
The estimated changes due to duration are represented by ______.
Correct Answer: A and B
C and D are estimated changes due to convexity.
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) |