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Basic Question 1 of 9
With a fixed-rate bond, interest rate volatility affects its ______.
B. future coupon payments
C. principal payment
A. bond price
B. future coupon payments
C. principal payment
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

Tamara Schultz
Learning Outcome Statements
calculate and interpret yield spread measures for floating-rate instruments
CFA® 2025 Level I Curriculum, Volume 4, Module 8.