- 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
What should be the sensitivity measure of futures on bonds?
B. Delta
C. Alpha
A. Duration
B. Delta
C. Alpha
Correct Answer: A
This is because futures' payoffs are linear in relation to the underlying bonds.
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