AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 46 Topic 5 Discussion

AAFM Chartered Wealth Manager (CWM) Certification Level II Examination CWM_LEVEL_2 Question # 46 Topic 5 Discussion

CWM_LEVEL_2 Exam Topic 5 Question 46 Discussion:
Question #: 46
Topic #: 5

Section B (2 Mark)

What is the expected percentage price change for a bond with an effective duration of nine in response to an increase in yield of 30 basis points?


A.

-2.70%


B.

2.70%


C.

0.30%


D.

3.00%


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