- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 13. Curve-Based and Empirical Fixed-Income Risk Measures
- Subject 1. Curve-Based Interest Rate Risk Measures
CFA Practice Question
The equation [PV-- PV+]/[2xΔCurvePV0] is used to calculate the ______.
B. Modified duration
C. Effective duration
A. Macaulay duration
B. Modified duration
C. Effective duration
Correct Answer: C
Effective duration is a curve duration.
User Contributed Comments 1
| User | Comment |
|---|---|
| janglejuic | also could be PV+ - PV- / 2x curve x pv0 |