- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 12. Yield-Based Bond Convexity and Portfolio Properties
- Subject 1. Bond Convexity and Convexity Adjustment
CFA Practice Question
One factor that impacts bond price changes is the impact per basis point change in the yield-to-maturity. This is referred to as the ______.
II. bond convexity
III. yield volatility
I. bond duration
II. bond convexity
III. yield volatility
Correct Answer: I and II
This factor is estimated by duration and convexity.
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