SOFE
AFE · Question #52
AFE Question #52: Real Exam Question with Answer & Explanation
The correct answer is B. Convexity. See the full explanation below for the reasoning.
Question
What is the second-order measure of the interest rate sensitivity of an instrument and the sensitivity of duration to changes in interest rates?
Options
- AComplexity
- BConvexity
- CTime compliance
- DPerformance measure
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