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Basic Question 0 of 11
A company forecasts an increase in capital expenditures for the next year. This suggests that the company:
B. Plans to reduce its long-term investments.
C. Expects growth and expansion.
D. Plans to decrease its production capacity.
A. Expects a decrease in revenue.
B. Plans to reduce its long-term investments.
C. Expects growth and expansion.
D. Plans to decrease its production capacity.
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Edward Liu
Learning Outcome Statements
explain why effective duration and effective convexity are the most appropriate measures of interest rate risk for bonds with embedded options
calculate the percentage price change of a bond for a specified change in benchmark yield, given the bond's effective duration and convexity
CFA® 2025 Level I Curriculum, Volume 4, Module 13.