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Basic Question 7 of 13

A spot rate is defined as:

A. the rate earned on a zero-coupon bond for its time to maturity.
B. the rate earned by a coupon-paying bond currently.
C. the base rate earned on a floating security.

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Craig Baugh

Craig Baugh

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.