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Basic Question 10 of 13
The discount rate that equates a bond's price with the present value of its expected future cash flows is called:
B. coupon yield.
C. yield to maturity.
A. current yield.
B. coupon yield.
C. yield to maturity.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
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.