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Basic Question 5 of 13

Given the spot and forward rates r(1) = 5%, f(1,1) = 5.5%, and f(2,1) = 6%, calculate r(2).

A. 5.15%
B. 5.25%
C. 5.35%

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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

Tamara Schultz

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.