CFA Level I sample question

CFA Level I 10. Interest Rate Risk and Return question

Fixed Income / 10. Interest Rate Risk and Return

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10. Interest Rate Risk and Return sample question

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Fixed Income

10. Interest Rate Risk and Return

An investor plans to hold a fixed-rate bond for two years. The bond has a Macaulay duration of six years. A sudden increase in yields is most likely to affect the investor's horizon return primarily through:

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