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Basic Question 1 of 3
If the effective duration of portfolio A is the same as that of portfolio B, the performance of the two portfolios ______ for a small ______ shift in the spot rates.
II. may be the same, parallel
III. may not be the same, nonparallel
I. may not be the same, parallel
II. may be the same, parallel
III. may not be the same, nonparallel
User Contributed Comments 2
| User | Comment |
|---|---|
| ryanpetty | The key rate duration allows for changes in the level, slope and shape of the yield curve. |
| davidt87 | i get the point, but the logic is all screwed in this question. if they "may" be the same, it stands to reason that they may also not be the same |
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Learning Outcome Statements
explain features and characteristics of infrastructure
explain the investment characteristics of infrastructure investments
CFA® 2026 Level I Curriculum, Volume 5, Module 4.