Altering Duration Denominator

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icetonez

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I have one example here where the denominator is the duration of the cheapest to deliver bond times the price of the cheapest to deliver bond. I have another example where the denominator is the price of the cheapest to deliver bond divided by the duration of the cheapest to deliver bond. Both examples were in the CFA text. What am I missing here?
 
Numbers 2 and 26 end of chapter questions reading 22. Thanks S2kMagician
 
You’re misreading the answer to #26. (Not your fault: it’s poorly written.) They’re dividing by the duration of the CTD and dividing by the price of the CTD.
In short, the answers are the same.
 
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