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Basic Question 1 of 13
F(T*-t, T) denotes a forward rate that:
B. at time T* - t years from today for a zero coupon bond with maturity T years.
C. at time T* years from today for a zero coupon bond with maturity T - t years.
A. at time T years from today for a zero coupon bond with maturity T* years.
B. at time T* - t years from today for a zero coupon bond with maturity T years.
C. at time T* years from today for a zero coupon bond with maturity T - t years.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe relationships among spot rates, forward rates, yield to maturity, expected and realized returns on bonds, and the shape of the yield curve;
describe how zero-coupon rates (spot rates) may be obtained from the par curve by bootstrapping;
CFA® 2025 Level II Curriculum, Volume 4, Module 26.