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Basic Question 0 of 13
True or False? Given two option-free bonds, if their pathwise values are the same, then their cash flows are identical.
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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 pathwise valuation in a binomial interest rate framework and calculate the value of a fixed income instrument given its cash flows along each path;
CFA® 2024 Level II Curriculum, Volume 4, Module 29.