- CFA Exams
- CFA Exam: Level I 2021
- Study Session 14. Fixed Income (1)
- Reading 43. Fixed-Income Markets: Issuance, Trading, and Funding
- Subject 2. Primary and Secondary Bond Markets
CFA Practice Question
Which is the best mechanism for bond price discovery?
B. Best efforts
C. Auctions
A. Underwriting
B. Best efforts
C. Auctions
Correct Answer: C
Auctions facilitate supply and demand in determining prices.
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