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Basic Question 4 of 13
Which statement is FALSE?
II. The spot curve completely identifies the discount function.
I. The discount function completely identifies the spot curve.
II. The spot curve completely identifies the discount function.
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Edward Liu
Learning Outcome Statements
describe relationships among spot rates, forward rates, yield to maturity, expected and realized returns on bonds, and the shape of the yield curve;
describe how zero-coupon rates (spot rates) may be obtained from the par curve by bootstrapping;
CFA® 2025 Level II Curriculum, Volume 4, Module 26.