CFAI online assessment, question 2, why duration of -3.625 (swap C) is used as the duration of swap? I actually calculated the average duration of swaps A, B and C…
Anyone knows why?
higher duration = lower nominal …
in the absence of full question
I just did it. Usually lower the NP it is better. But the answer does not give any other notional-except one. So even if you calculate all of them- only one will match the answer.