- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 29. The Arbitrage-Free Valuation Framework
- Subject 4. Pathwise Valuation
CFA Practice Question
True or False? Given two option-free bonds, if their pathwise values are the same, then their cash flows are identical.
Correct Answer: True
Given an option-free bond, the bond cash flows are uniquely determined by the pathwise values.
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