- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 11. Yield-Based Bond Duration Measures and Properties
- Subject 1. Modified Duration
CFA Practice Question
Which duration measure approximates the percentage price change of a bond given a change in its yield-to-maturity?
B. Modified duration
C. Effective duration
A. Macaulay duration
B. Modified duration
C. Effective duration
Correct Answer: B
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