CFA Practice Question

There are 266 practice questions for this study session.

CFA Practice Question

The most relevant definition for duration is ______
A. a security's price sensitivity to changes in yield.
B. the first derivative of the security's price with respect to yield.
C. the weighted-average time until receipt of the present value of cash flows.
Explanation: This is the most relevant definition because users of duration are interested in a security's price sensitivity to changes in yield.

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