- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 9. The Term Structure of Interest Rates: Spot, Par, and Forward Curves
- Subject 2. Par and Forward Rates
CFA Practice Question
Spot rates are equivalent to the ______ of the current spot rate and the forward rates.
B. geometric average
C. difference
A. average
B. geometric average
C. difference
Correct Answer: B
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