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Basic Question 0 of 5
What is the discount rate in the binomial interest rate tree?
B. forward rate
C. yield to maturity
A. spot rate
B. forward rate
C. yield to maturity
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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
describe risk measures used by banks, asset managers, pension funds, and insurers;
CFA® 2025 Level II Curriculum, Volume 5, Module 41.