- CFA Exams
- CFA Exam: Level I 2021
- Study Session 14. Fixed Income (1)
- Reading 44. Introduction to Fixed-Income Valuation
- Subject 7. The Maturity Structure of Interest Rates
CFA Practice Question
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
Correct Answer: B
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