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Basic Question 3 of 5
The assumed level of interest rate volatility has ___ impact on the value of a default-free government bond.
B. small
C. big
A. no
B. small
C. big
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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
calculate the value of a bond and its credit spread, given assumptions about the credit risk parameters;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.