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Basic Question 0 of 19
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
explain the rationale for using present value models to value equity and describe the dividend discount and free-cash-flow-to-equity models
calculate and interpret the intrinsic value of an equity security based on the Gordon (constant) growth dividend discount model or a two-stage dividend discount model, as appropriate
identify characteristics of companies for which the constant growth or a multistage dividend discount model is appropriate
explain advantages and disadvantages of each category of valuation model
CFA® 2025 Level I Curriculum, Volume 3, Module 8.