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Basic Question 0 of 12
Money market rates are typically ______.
B. annualized but not compounded
C. neither annualized nor compounded
A. annualized and compounded
B. annualized but not compounded
C. neither annualized nor compounded
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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
identify assumptions of the Black-Scholes-Merton option valuation model;
interpret the components of the Black-Scholes-Merton model as applied to call options in terms of a leveraged position in the underlying;
describe how the Black-Scholes-Merton model is used to value European options on equities and currencies;
CFA® 2025 Level II Curriculum, Volume 5, Module 32.