ONE REASON WHY THE DURATION OF A PORTFOLIO OF BONDS DOES NOT PROPE...

53. - MOCK AND SAMPLE EXAMS CFA 2012 L1 SAMPLE EXAM V1 QUESTION
MOCK AND SAMPLE EXAMS CFA 2012 L1 SAMPLE EXAM V1 QUESTION
53. One reason why the duration of a portfolio of bonds does not properly reflect that portfolio’s yield curve risk is that the duration measure: A．assumes all yields change by the same amount. B．assumes all the bonds have the same discount rate. C．ignores differences in coupon rates across the bonds.