Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Basic Question 0 of 6
The value of a straight bond is estimated to be $102. If an interest cap is added to the bond, and its value is estimated to be $3 by itself, the value of the capped floater is then:
B. $102
C. $105
A. $99
B. $102
C. $105
User Contributed Comments 0
You need to log in first to add your comment.
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 capped or floored floating-rate bond;
CFA® 2024 Level II Curriculum, Volume 4, Module 30.