- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 46. Understanding Fixed-Income Risk and Return
- Subject 6. Bond Convexity
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 |
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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) |