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Basic Question 0 of 4
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. |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
calculate portfolio duration and convexity and explain the limitations of these measures
CFA® 2026 Level I Curriculum, Volume 4, Module 12.