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Basic Question 3 of 5
Spot rates are equivalent to the ______ of the current spot rate and the forward rates.
B. geometric average
C. difference
A. average
B. geometric average
C. difference
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Learning Outcome Statements
define par and forward rates, and calculate par rates, forward rates from spot rates, spot rates from forward rates, and the price of a bond using forward rates
CFA® 2025 Level I Curriculum, Volume 4, Module 9.