- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 4. Fixed-Income Markets for Corporate Issuers
- Subject 1. Short-Term Funding Alternatives
CFA Practice Question
Medium-term notes are debt instruments that ______.
II. have maturities greater than one year but less than 15 years
III. may have coupons denominated in dollars or foreign currencies
I. carry only fixed rate coupons
II. have maturities greater than one year but less than 15 years
III. may have coupons denominated in dollars or foreign currencies
Correct Answer: III
The maturities for medium-term notes vary from nine months to 30 years. The coupons can be floating-rate or fixed rate.
User Contributed Comments 2
| User | Comment |
|---|---|
| johntan1979 | I can be fixed or floating II 9 months to 30 years |
| cosmos1994 | MTNs are like having children |