CFA Practice Question

There are 266 practice questions for this study session.

CFA Practice Question

The PVBP measure is a special case of duration because ______

I. it measures the percentage price change.
II. it measures the absolute amount of price change.
III. it measures the dollar amount of price change.
Correct Answer: II and III

User Contributed Comments 2

User Comment
danlan Since PVBP measures absolute amount of price change and duration measures relative amount of price change, I do not think it should be considered as a duration.
solnce It is a so-called dollar duration. Still a duration. :)
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