问题
单项选择题
Which of the following approaches in measuring interest rate risk is most accurate when properly performed（）
A. Duration/convexity approach.
B. Full Valuation approach.
C. Duration approach.
答案
参考答案：B
解析：
The most accurate 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. Duration and convexity are summary measures and sacrifice some accuracy.