Exam (elaborations)
CFA LEVEL 1 FORMULAS OVER 240 APPLIED FOMULAS FOR ECONOMICS GOOD PRACTICE MATERAIL FOR UPCOMING EXAMS NEW UPDATE 2022
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Price change based on convexity - -duration(change in yield)+1/2(convexity)(change in yield)^2 Effective Duration - Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] Modified Duration - [(v-)-(v+)]/[2V0(change in yield)] Future Value - PV(1+(I/Y)^N) PV - FV/(1+r)^n ...
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