Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 2 of 5
The two approaches produce the same portfolio duration when ______
B. the yield curve is flat.
C. the change in the cash flow yield is the same as the change in the yields-to-maturity on the individual bonds.
A. the yield curve has a parallel shift.
B. the yield curve is flat.
C. the change in the cash flow yield is the same as the change in the yields-to-maturity on the individual bonds.
User Contributed Comments 1
| User | Comment |
|---|---|
| zriddle | Most things seem to be equal when the yield curve is flat. |
You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
calculate portfolio duration and convexity and explain the limitations of these measures
CFA® 2025 Level I Curriculum, Volume 4, Module 12.