CFA Level 1 Formulas question & answers rated A+ already passedPrice change based on convexity - correct answer -duration(change in yield)+1/2(convexity)(change in yield)^2
Effective Duration - correct answer Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)]
Modified...
Baye's formula - correct answer P(new info) / unconditional probability of new info*prior prob of event
Combination binomial - correct answer nCr - order doesn't matter
Permutation binomial - correct answer nPr - order matters
Binomial probability - correct answer nCx * p^x * (1-p)^(n-x)
Binomial Expected value - correct answer nP
Binomial variance - correct answer np(1-p)
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