- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 7. Yield and Yield Spread Measures for Fixed-Rate Bonds
- Subject 2. Other Yield Measures, Conventions, and Accounting for Embedded Options
CFA Practice Question
One implicit assumption of using yield to maturity as a potential realistic estimate of expected return is:
B. a flat yield curve.
C. a downward-sloping yield curve.
A. an upward-sloping yield curve.
B. a flat yield curve.
C. a downward-sloping yield curve.
Correct Answer: B
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