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Basic Question 1 of 5
If the spot rate curve is unchanged, then each bond earns the:
C. future spot rate.
A. forward rate. B. spot rate.
C. future spot rate.
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Learning Outcome Statements
describe the assumptions concerning the evolution of spot rates in relation to forward rates implicit in active bond portfolio management;
describe the strategy of rolling down the yield curve;
CFA® 2025 Level II Curriculum, Volume 4, Module 26.