【FRM每日一题】一级:金融市场与产品
备考FRM一级 | 2015-09-22
A $1,000 par bond with 22 years to maturity and a 4% semiannual coupon has a yield to maturity of 5%. Assuming a 5 basis point change in yield, what’s the convexity of this bond? A.258
B.502
C.942
D.129
Answer: A
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