Yield-Based Bond Convexity and Portfolio Properties (2024 CFA® Level I Exam - Fixed Income - LM 12)

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Topic 7 - Fixed Income
Learning Module 12 - Yield-Based Bond Convexity and Portfolio Properties
- LOS : Define, calculate, and interpret modified duration, money duration, and the PVBP.
- LOS : Explain bond’s maturity, coupon, and yield level effects on interest rate risk.

[@jaymorales252]

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[@JuanAlvarez-ig8ws]

Voila = "look at that"

[@bhavyajain2808]

in CFA institute material 1+periodic YTM is multiplied

[@katiatzo]

THANK YOU SIR!

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[@deanmcc1988]

Hey Jim, wouldn't you be able to use the "kindergarten" approach to find the two prices of the convexity adjustment and then plug that into the "approximate convexity" formula to find an approximate figure? Or are you saying that for questions where the answers are decimal points apart, we will have to "table it out"?

[@andyyang4872]

Hello Prof, for the convexity formula, the square for the yield, does coupon frequency affects it?