Why should I choose AnalystNotes?

AnalystNotes specializes in helping candidates pass. Period.

Basic Question 1 of 15

The key assumption when calculating effective duration and effective convexity is ______

A. the yield curve is sloping upwards.
B. there is a parallel yield curve shift.
C. there is a term structure of yield curve.

User Contributed Comments 0

You need to log in first to add your comment.
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!


Learning Outcome Statements

describe how the term structure of yield volatility affects the interest rate risk of a bond;

describe the relationships among a bond's holding period return, its duration, and the investment horizon;

CFA® 2024 Level I Curriculum, Volume 5, Module 46.