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Basic Question 0 of 6
Benchmark bond yields capture factors such as:
II. taxation
III. expected real rate of return
IV. compensation for uncertainty regarding expected inflation
V. liquidity
I. expected inflation rate
II. taxation
III. expected real rate of return
IV. compensation for uncertainty regarding expected inflation
V. liquidity
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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® 2025 Level I Curriculum, Volume 4, Module 10.