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 9 of 10
If an investor has a zero duration gap, ______
B. he is hedged against interest rate risk.
C. his risk is to higher interest rates.
A. his risk is to lower interest rates.
B. he is hedged against interest rate risk.
C. his risk is to higher interest rates.
User Contributed Comments 0
You need to log in first to add your comment.
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
describe the relationships among a bond's holding period return, its Macaulay duration, and the investment horizon
define, calculate, and interpret Macaulay duration
CFA® 2024 Level I Curriculum, Volume 4, Module 10.