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Basic Question 15 of 16
The main cause of a call is:
B. A rise in interest rates.
C. Interest rates stay flat for a long time.
A. A decline in interest rates.
B. A rise in interest rates.
C. Interest rates stay flat for a long time.
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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
Learning Outcome Statements
describe fixed-income securities with embedded options;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.