- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 12. Yield-Based Bond Convexity and Portfolio Properties
- Subject 2. Bond Portfolio Duration and Convexity
CFA Practice Question
The duration of a portfolio (of option-free bonds) is equal to ______.
B. the average of the individual durations
C. the sum of the market value weighted individual durations
A. the sum of the equal weighted individual durations
B. the average of the individual durations
C. the sum of the market value weighted individual durations
Correct Answer: C
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