- CFA Exams
- CFA Level I Exam
- Study Session 12. Fixed Income (1)
- Reading 33. The Arbitrage-Free Valuation Framework
- Subject 5. Pathwise Valuation
CFA Practice Question
True or False? Given two option-free bonds, if their pathwise values are the same, then their cash flows are identical.
Correct Answer: True
Given an option-free bond, the bond cash flows are uniquely determined by the pathwise values.
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