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Basic Question 5 of 5
Which duration measure approximates the percentage price change of a bond given a change in its yield-to-maturity?
B. Modified duration
C. Effective duration
A. Macaulay duration
B. Modified duration
C. Effective duration
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Edward Liu
Learning Outcome Statements
define, calculate, and interpret modified duration, money duration, and the price value of a basis point (PVBP)
CFA® 2025 Level I Curriculum, Volume 4, Module 11.