CFA Practice Question

There are 252 practice questions for this study session.

CFA Practice Question

The value of a straight bond is estimated to be $102. If an interest cap is added to the bond, and its value is estimated to be $3 by itself, the value of the capped floater is then:

A. $99
B. $102
C. $105
Correct Answer: A

102 - 3 = 99

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