Sign up  |  Log in

Mock AM question 32

Can anyone explain why in the solution they are diving by 3? Shouldnt it be weight times duration and then add up each bond’s duration contribution to portfolio? Where is this divide by 3 coming from? I can’t back into their number. Thank you!

The best just got better. Schweser's upgraded content and redesigned study platform are exactly what you need to pass the Level III exam. Save 10% when you preorder a Premium Package for a limited time.

I think you are correct and the division by 3 is just wrong. (assuming you are talking about the CFAI AM mock).

the divided by 3 in the formula was ignored anyways

It's a long shot, gotta make it.