CFA Practice Question

There are 266 practice questions for this study session.

CFA Practice Question

Refer to the following price-yield curve.

Reducing the yield-to-maturity will cause the price to rise by ______.

A. A
B. D
C. A + D
Correct Answer: C

A is the estimated price increase due to duration, and D is the estimated price increase due to convexity.

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