- CFA Exams
- CFA Level I Exam
- Study Session 14. Fixed Income (1)
- Reading 44. Introduction to Fixed-Income Valuation
- Subject 5. Yield Measures for Fixed-Rate Bonds
CFA Practice Question
The discount rate that equates a bond's price with the present value of its future cash flows is called ______.
B. coupon yield
C. yield to maturity
A. current yield
B. coupon yield
C. yield to maturity
Correct Answer: C
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