- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 41. Measuring and Managing Market Risk
- Subject 2. Other Key Risk Measures
CFA Practice Question
The sensitivity measure of fixed-income securities is ______
B. duration
C. bond yield
A. interest rates
B. duration
C. bond yield
Correct Answer: B
Duration reflects the sensitivity of a bond'??s price to its yield. Another sensitivity measure is convexity.
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