问题
单项选择题
Which of the following steps is NOT used in the full valuation approach in measuring interest rate risk（）
A. Estimate hypothetical changes in required yields.
B. Calculate the bond’s convexity.
C. Recompute bond prices using the new required yields.
答案
参考答案：B
解析：The most straightforward approach method for measuring interest rate risk is the so-called full valuation approach. Essentially this boils down to the following four steps: (1) begin with the current market yield and price, (2) estimate hypothetical changes in required yields, (3) recompute bond prices using the new required yields, and (4) compare the resulting price changes.