suyash1989

Guys, I suppose we all know what duration measures, and what convexity. we know the drawbacks etc, graphical presentation and can talk and write about it several pages.... it's about one tricky question, where the request is not clear , and you must quickly answer. I agree with spunboy about the Q-bank. guess what; I answered less than...and it was wrong, so when I encountered the question on the exam, as many of you did, I answered directly without thinking at all.....It's all about how CFAI wants us to understand the question, and not about what we know...