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The Classes of Main Entries Found in the CPT® Index

question 89

Multiple Choice

The classes of main entries found in the CPT® index include all of the following EXCEPT:

Calculate the change in bond prices given duration and a change in yield.
Distinguish between Macaulay duration and modified duration.
Understand and apply the concept of convexity in bond pricing.
Calculate the duration of zero-coupon bonds.

Definitions:

Short Run

A period in which at least one factor of production is fixed, limiting the ability of firms to adjust to market changes.

Perfectly Competitive Market

A theoretical market structure where many buyers and sellers trade homogeneous products, and no single participant can influence the price.

Marginal Costs

The price increase resulting from the creation of an additional product or service unit.

Average Variable Costs

The total variable costs divided by the quantity of output produced, representing the variable cost per unit of output.

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