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Basic Question 3 of 5
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
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
define par and forward rates, and calculate par rates, forward rates from spot rates, spot rates from forward rates, and the price of a bond using forward rates
CFA® 2026 Level I Curriculum, Volume 4, Module 9.