How likely it is to get calculations of Maculay duration and PF convexity on the exam? I don’t see these in the BBs or EOCs, but they do show these on the white text examples.
It’s not stated in the LOS, but I wouldn’t take my chances since it’s in the curriculum.
At least know the high level concepts of what MacDur and Convexity are, the steps to calculate them.
There is also a formula that calculates the convexity:
Convexity = \frac{MacDur^2 + MacDur + Dispersion}{(1 + Cash ~flow ~yield)^2}