Yield-Based Bond Convexity and Portfolio Properties
Free CFA Level I lesson in Fixed Income. 11 min read, ~1,590 words.
"calculate and interpret convexity and describe the convexity adjustment; calculate the percentage price change of a bond for a specified change in yield, given the bond's duration and convexity; calculate portfolio duration and convexity and explain the limitations of these measures". © CFA Institute. Reproduced under EPP listing.
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- yield-based convexity portfolio properties
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