CFA Practice Question

There are 147 practice questions for this study session.

CFA Practice Question

When the yield curve is flat, which statement is true regarding a benchmark bond?

A. The par curve and spot curve are identical. Its forward rate curve will lie above them.
B. The par curve and spot curve are identical. Its forward rate curve will lie below them.
C. The par curve, spot curve and forward curve are identical.
Correct Answer: C

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