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Basic Question 3 of 9
When the yield curve is flat, which statement is true regarding a benchmark bond?
B. The par curve and spot curve are identical. Its forward rate curve will lie below them.
C. The par curve, spot curve and forward curve are identical.
A. The par curve and spot curve are identical. Its forward rate curve will lie above them.
B. The par curve and spot curve are identical. Its forward rate curve will lie below them.
C. The par curve, spot curve and forward curve are identical.
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe a binomial interest rate tree framework;
CFA® 2025 Level II Curriculum, Volume 4, Module 27.