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Basic Question 9 of 9
The credit valuation adjustment for a corporate bond is calculated to be $2.32. If this bond were default-free its price would be $103.42. What is the fair value of this bond?
B. $105.74
C. Not enough information
A. $101.10
B. $105.74
C. Not enough information
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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
explain expected exposure, the loss given default, the probability of default, and the credit valuation adjustment;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.