- CFA Exams
- CFA Exam: Level I 2021
- Study Session 14. Fixed Income (1)
- Reading 44. Introduction to Fixed-Income Valuation
- Subject 5. Yield Measures for Fixed-Rate Bonds
CFA Practice Question
One implicit assumption of using yield to maturity as a potential realistic estimate of expected return is:
B. a flat yield curve.
C. a downward-sloping yield curve.
A. an upward-sloping yield curve.
B. a flat yield curve.
C. a downward-sloping yield curve.
Correct Answer: B
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