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Basic Question 0 of 30

Refer to the following price-yield curve.

The estimated changes due to duration are represented by ______.

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User Contributed Comments 2

User Comment
msusolar can anybody explain?
CFAMay2022 A&B reps changes in price due to change in YTM/slope of the tangent line (rather than actual changes on curve)
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

calculate and interpret the present value(PV) of fixed-income and equity instruments based on expected future cash flows

calculate and interpret the implied return of fixed-income instruments and required return and implied growth of equity instruments given the present value (PV) and cash flows

CFA® 2025 Level I Curriculum, Volume 1, Module 2.