- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 6. Fixed-Income Bond Valuation: Prices and Yields
- Subject 3. Relationships between Bond Price and Bond Characteristics
CFA Practice Question
A spot rate is defined as ______.
B. the rate earned by a coupon-paying bond currently
C. the base rate earned on a floating security
A. the rate earned on a zero-coupon bond for its time to maturity
B. the rate earned by a coupon-paying bond currently
C. the base rate earned on a floating security
Correct Answer: A
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