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CFA Level I Fixed Income - Why do we use full price in money duration and par value in price value of a basis point?
Hi, I'm having some trouble understanding why money duration uses full price in its calculation, while price value of a basis point uses par value in the link below. Could someone please explain the reasoning behind this? https://ift.world/booklets/3-6-money-duration-bon… Thanks.
CFA Level 1 Books
Hello to all, I am wondering if I could use a 2014 cfa textbooks for Dec 2018 exam or should I get another set? I'm thinking of saving the money if I can just use the 2014 books. I will appreciate your comments!
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