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AnalystNotes specializes in helping candidates pass. Period.

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**Basic Question 1 of 2**

True or False? Given two option-free bonds, if their pathwise values are the same, then their cash flows are identical.

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#### Craig Baugh

**Learning Outcome Statements**

describe pathwise valuation in a binomial interest rate framework and calculate the value of a fixed income instrument given its cash flows along each path;

*CFA® 2024 Level II Curriculum, Volume 4, Module 29.*