Why did they not cut the dollar duration of the CTD in half, since we are looking for a 50 BPS yield change and not a 100 BPS. If we do it to the numerator, we need to do it to the denominator… is this a bust?
Just to give a point of reference…15.1 in the same exam is similar and it does it to both numerator and denominator… really need some help on this one. Driving me nuts. I thought this test destroyed me and my confidence was on the decline, it felt kinda tough… then I graded it and saw 82%… I have never felt so bad yet done so good… this test is confusing
What year are your books? I just look at the question and it’s gips question.