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Basic Question 2 of 10
Duration measures the ______ of a bond's value to changes in ______.
B. sensitivity; option-free value
C. sensitivity; yield
A. multiple; maturity
B. sensitivity; option-free value
C. sensitivity; yield
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe the relationships among a bond's holding period return, its Macaulay duration, and the investment horizon
define, calculate, and interpret Macaulay duration
CFA® 2026 Level I Curriculum, Volume 4, Module 10.