CFA Level I sample question

CFA Level I Modified question

Fixed Income / Duration

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Modified sample question

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Moderate

Fixed Income

Duration

A bond has Macaulay duration of 7.20 years, YTM of 6.00% compounded semiannually, full price of 98.40 per 100 par, and no embedded options. Its modified duration and PVBP per 100 par are closest to:

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