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 2

User Comment
warnggg Isn't vega a first-order effect too?
breh yes verga is a first-order effect. however, Delta is more similar to duration as they both measures the sensitivity to the price of the underlying.
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