- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 12. Yield-Based Bond Convexity and Portfolio Properties
- Subject 2. Bond Portfolio Duration and Convexity
CFA Practice Question
The two approaches produce the same portfolio duration when ______
B. the yield curve is flat.
C. the change in the cash flow yield is the same as the change in the yields-to-maturity on the individual bonds.
A. the yield curve has a parallel shift.
B. the yield curve is flat.
C. the change in the cash flow yield is the same as the change in the yields-to-maturity on the individual bonds.
Correct Answer: B
User Contributed Comments 1
| User | Comment |
|---|---|
| zriddle | Most things seem to be equal when the yield curve is flat. |