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Basic Question 3 of 5
Which of the following statements is the LEAST accurate with respect to the portfolio duration measure?
B. Portfolio duration is only a valid measure for portfolio interest rate risk for parallel changes in the yield curve.
C. Portfolio duration will increase as more bonds are included in the portfolio.
A. Portfolio duration changes all the time, even without changes in yields.
B. Portfolio duration is only a valid measure for portfolio interest rate risk for parallel changes in the yield curve.
C. Portfolio duration will increase as more bonds are included in the portfolio.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
calculate portfolio duration and convexity and explain the limitations of these measures
CFA® 2025 Level I Curriculum, Volume 4, Module 12.