Free Questions › CFA › Fixed Income

Free CFA Fixed Income Practice Questions & Answers

900 exam-style Fixed Income questions. Pick your answer, hit Check answer, and see the worked solution — free to start, no signup.

100% free · No login to start

Question 361

The price value of a basis point (PVBP) measures:

Select an option first.

Question 362

The formula for money duration is:

Select an option first.

Question 363

The key rate duration for a maturity point measures:

Select an option first.

Question 364

The duration gap of a portfolio is:

Select an option first.

Question 365

The immunization return is the return achieved when:

Select an option first.

Get the full CFA question bank — free

Drop your email and we'll send you fresh CFA practice questions, fully worked solutions and exam-deadline reminders. No spam — unsubscribe in one click.

Want to save your score and take a full mock exam? Create a free account →

Question 366

The option-adjusted duration of a callable bond is:

Select an option first.

Question 367

The option-adjusted convexity of a callable bond is typically:

Select an option first.

Question 368

The Macaulay duration formula is:

Select an option first.

Question 369

Modified duration equals:

Select an option first.

Question 370

Effective duration is computed as:

Select an option first.

Question 371

Convexity is approximated as:

Select an option first.

Question 372

The duration + convexity price change approximation is:

Select an option first.

Question 373

The down‑move factor in a recombining tree is:

Select an option first.

Question 374

The risk‑neutral probability in a binomial tree is:

Select an option first.

Question 375

The callable bond value at a node is:

Select an option first.

Question 376

The putable bond value at a node is:

Select an option first.

Question 377

The OAS is computed as:

Select an option first.

Question 378

The backward induction formula is:

Select an option first.

Question 379

The option value in a callable bond is:

Select an option first.

Question 380

The option value in a putable bond is:

Select an option first.

Question 381

What is a “yield pickup swap”?

Select an option first.

Question 382

A bond has Macaulay duration 6.2 and yield 3%. What is modified duration?

Select an option first.

Question 383

A bond’s price falls from 101.2 to 99.8 when yield rises 20 bps. Approximate duration?

Select an option first.

Question 384

A callable bond has straight value 104 and callable value 99. What is the call option value?

Select an option first.

Question 385

A putable bond has straight value 97 and putable value 101. What is the put option value?

Select an option first.

Question 386

A 3‑year binomial tree has up rate 6%, down rate 2%, equal probabilities. Expected 1‑year rate?

Select an option first.

Question 387

A bond has convexity 120. Yield rises 50 bps. Convexity effect on price (% change)?

Select an option first.

Question 388

A bond has price 98, yield 5%, duration 7. If yield drops 30 bps, approximate new price?

Select an option first.

Question 389

A 5‑year bond has yield 4% and price 102. What is its approximate yield change if price falls to 100? Duration = 6.

Select an option first.

Question 390

A callable bond continuation value = 103. Call price = 101. Node value?

Select an option first.

Before you go, can we ask you one thing?

Thank you

Free CFA Fixed Income Practice Questions & Answers

Privacy Preference

Before you go, can we ask you one thing?

Thank you