- CFA Exams
- CFA Level I Exam
- Study Session 13. Fixed Income (2)
- Reading 35. Credit Analysis Models
- Subject 1. Modeling credit risk and the credit valuation adjustment
CFA Practice Question
Consider a 1-year, 4% annual payment corporate bond priced at par. The expected exposure at the end of the year is simply ______.
A. $4
B. $100
C. $104
Explanation: It is the final coupon payment + the redemption of principal.
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