I understand the concepts of the two bond hedge, but what do you think the ‘odds’ are that we’d have to make any calculations? I do not want to waste time on this and will prob just punt the calcs that are outlined on pages 175-182 of the text (volume 4)
I think that if they ask you a calculation question on a two-bond hedge, it will be a fairly easy “one-layer” down calculation, not a deep dive question. If they ask you something that is complex, I would circle it and come back at the end. CFAI can keep those points.
In my opinion, I think they will ask us theory question on a two-bond hedge versus a calculation question.
I agree with that logic - thanks and good luck