FIxed rate duration

CFA Level III
#1

If not specified, will you assume that the swap duration of the Fixed paying size is its maturity or 75% of its maturity? Or will you assume its 75% only when its said to be.

Thanks

#2

They’ll tell you the duration of the fixed leg. The point of the exam is not to see whether you can guess the duration.

#3

Thanks Magician

#4

My pleasure, sir.

Good luck on Saturday.