Exam (elaborations)
CFA Level 1 Formulas Exam 2023
- Module
- Institution
Price change based on convexity - Answer- -duration(change in yield)+1/2(convexity)(change in yield)^2 Effective Duration - Answer- Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] Modified Duration - Answer- [(v-)-(v+)]/[2V0(change in yield)] Future Value - Answ...
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