CFA Practice Question

There are 266 practice questions for this study session.

CFA Practice Question

The two approaches produce the same portfolio duration when ______

A. the yield curve has a parallel shift.
B. the yield curve is flat.
C. the change in the cash flow yield is the same as the change in the yields-to-maturity on the individual bonds.
Correct Answer: B

User Contributed Comments 1

User Comment
zriddle Most things seem to be equal when the yield curve is flat.
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