CFA Practice Question

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CFA Practice Question

Medium-term notes are debt instruments that ______.

I. carry only fixed rate coupons
II. have maturities greater than one year but less than 15 years
III. may have coupons denominated in dollars or foreign currencies
Correct Answer: III

The maturities for medium-term notes vary from nine months to 30 years. The coupons can be floating-rate or fixed rate.

User Contributed Comments 2

User Comment
johntan1979 I can be fixed or floating
II 9 months to 30 years
cosmos1994 MTNs are like having children
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