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( 2 points ) A limitation of calculating a bond portfolio's duration as the weighted average of the yield durations of the individual bonds that

(2 points) A limitation of calculating a bond portfolio's duration as the weighted average
of the yield durations of the individual bonds that compose the portfolio is that it:
A. assumes a parallel shift to the yield curve.
B. is less accurate when the yield curve is less steeply sloped.
C. is not applicable to portfolios that have bonds with embedded options.
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