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Explore CFA Level 1 DrillsAceThePrepTrap ForensicsCFA Level 1Hub →
CFA Level 1Fixed IncomeYield & Spread Analysis
Level 2 Trap Drill
Can you avoid the examiner's trap?Select an option to evaluate
A bond has Modified Duration of 7.5 years and annual convexity of 80. If yield to maturity decreases by 100 basis points (-0.01), what is the estimated percentage price change?
Full Curriculum Drill

Practice More CFA Level 1 Yield & Spread Analysis Questions

Take the interactive diagnostic drill with real-time distractor analysis, Desmos calculator, and SM-2 spaced repetition.

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More Yield & Spread Analysis Questions in CFA Level 1

Tier 2CFA Level 1

A 5-year annual coupon bond with an 8% coupon rate trades at par ($1,000). If market interest rates instantly ...

Inspect distractor trap
Tier 2CFA Level 1

Macaulay duration measures the weighted average time until a bond's cash flows are received. For an option-fre...

Inspect distractor trap
Tier 2CFA Level 1

Effective duration is preferred over Modified duration for valuing bonds with embedded options (such as callab...

Inspect distractor trap
Tier 2CFA Level 1

What is the Z-spread (Zero-Volatility Spread) of a corporate bond?...

Inspect distractor trap
Tier 2CFA Level 1

For a callable bond, how does the Option-Adjusted Spread (OAS) compare to its Z-spread?...

Inspect distractor trap