CFA Level 1 Formulas question & answers 100% correct 2024

CFA Level 1 Formulas question & answers 100% correct 2024 Price change based on convexity - correct answer -duration(change in yield)+1/2(convexity)(change in yield)^2 Effective Duration - correct answer Required if a bond has embedded options: [(v-)-(v+)]/[2V0(change in curve)] Modified Duration - correct answer [(v-)-(v+)]/[2V0(change in yield)] Future Value - correct answer PV(1+(I/Y)^N) PV - correct answer FV/(1+r)^n PV of perpetuity - correct answer PMT / discount rate Approximate percentage price change of a bond - correct answer (-)(modified duration)(ΔYTM) Nominal Risk Free - correct answer Real Risk Free + expected inflation Required Return - correct answer Nominal risk free + liquidity premiums + default risk premium + maturity risk premium EAR - correct answer [(1