- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 3. Fixed-Income Issuance and Trading
- Subject 3. Primary and Secondary Fixed-Income Markets
CFA Practice Question
Which is the best mechanism for bond price discovery?
B. Best efforts
C. Auctions
A. Underwriting
B. Best efforts
C. Auctions
Correct Answer: C
Auctions facilitate supply and demand in determining prices.
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