Five new multiple-choice questions every day, covering both fixed-income topics (yield curve regimes, duration, spreads, historical rates) and general CFA curriculum (equity valuation, derivatives, portfolio theory, ethics, and macroeconomics). Roughly half bond, half general — balanced daily for comprehensive CFA prep.
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1. Which par bond has the longest modified duration?
2. Which statement about convexity is TRUE?
3. What likely happens to the 2s10s spread? Scenario: The Fed signals rates will stay higher for longer, and the market reprices short-term forwards upward
4. An investor holds 1,000 shares and buys 10 put contracts (100 shares each) at a strike of $50. This strategy is called a:
5. A company's trailing P/E is 15 and its forward P/E is 18. What does this imply?