CFA Practice Question

There are 119 practice questions for this study session.

CFA Practice Question

Which option sensitivity measure is analogous to the duration of a fixed-income security?

A. Delta
B. Gamma
C. Vega
Correct Answer: A

Like a duration, a delta is a first-order effect.

User Contributed Comments 1

User Comment
warnggg Isn't vega a first-order effect too?
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