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Basic Question 4 of 5
Which type of bonds may have negative convexity?
B. callable bonds
C. putable bonds
A. traditional option free bonds
B. callable bonds
C. putable bonds
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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
compare effective convexities of callable, putable, and straight bonds;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.