pcweldon

[pcweldon]

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Just as an FYI if anyone is questioning as well, it looks like CFAI made a mistake in their question. Here is the response I receieved from them:

Hello,

It looks like they did not show the step in the second question explanation, rather they justed halved the given convexity. We will make the necessary adjustments. Thank you for bringing this to our attention

[pcweldon]

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oh my… that’s embarrassing… thank you very much! I’m going to go with the, “I needed someone else to explain it for it to make sense” excuse! Thanks again Sophie!

[pcweldon]

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I’m hoping so, I was just getting confused since both of these questions are from CFA Institute, and they dont specify how they calc’d convexity. Thank you though.

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