CFA Practice Question

There are 252 practice questions for this study session.

CFA Practice Question

The value of an embedded cap is $3. The value of an embedded floor is $2. A straight bond is valued at $98. An otherwise similar bond with such an embedded cap and floor is worth:
A. $97
B. $98
C. $99
Explanation: $98 - $3 + $2 = $97

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