CFA 2026 Level I Fixed Income Duration Free Quiz 3

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CFA 2026 Level I Fixed Income Duration Free Quiz 3

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CFA 2026 Level I Fixed Income Duration Free Quiz 3

Practice CFA 2026 Level I Fixed Income MCQs from Duration. Get instant results with Explanation.

General5 MCQs

21. How is money duration calculated?

A. Modified duration * PriceB. Macaulay duration * PriceC. Modified duration / PriceD. Macaulay duration / Price

22. What is the duration of a perpetual bond?

A. 1 / yB. (1 + y) / yC. (1 + y) / y^2D. y / (1 + y)

23. What is another name for money duration?

A. Modified durationB. Macaulay durationC. Dollar duration (money duration)D. Effective duration

24. How does the accuracy of duration change with the size of yield changes?

A. More accurate for large changesB. Exactly accurate for all changesC. Unaffected by the size of the changeD. Less accurate for large changes

25. How does effective duration compare to modified duration for a putable bond?

A. Higher than modified durationB. Lower than modified durationC. Equal to modified durationD. Not defined

General5 MCQs

26. What does Macaulay duration measure?

A. Measures price sensitivityB. Measures weighted average time to cash flowsC. Measures convexityD. Measures default risk

27. Which duration measure is approximated by (P- - P+) / (2 * P0 * Δy)?

A. Macaulay durationB. Money durationC. Modified durationD. Effective duration

28. How is the duration of a bond portfolio calculated?

A. Sum of durationsB. Average of durationsC. Maximum durationD. Weighted average of durations by market value

29. What duration measures sensitivity to a specific point on the yield curve?

A. Key rate durationB. Parallel shift durationC. Effective durationD. Modified duration

30. What is the duration of a floating-rate bond?

A. High durationB. Low duration (close to zero)C. Same as fixed-rate bondsD. Zero

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute

Frequency: 4 times a year (February, May, August, November) | Time: 135 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Alternative Investments: 8 MCQs
Corporate Issuers: 7 MCQs
Derivatives: 5 MCQs
Economics: 7 MCQs
Equity Investments: 12 MCQs
Ethics: 16 MCQs
Financial Statement Analysis: 11 MCQs
Fixed Income: 11 MCQs
Portfolio Management: 9 MCQs
Quant Methods: 6 MCQs

Merit Formula: -

Practice CFA MCQs

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