- CFA Exams
- CFA Level I Exam
- Study Session 14. Fixed Income (1)
- Reading 44. Introduction to Fixed-Income Valuation
- Subject 5. Yield Measures for Fixed-Rate Bonds
CFA Practice Question
For a bond to earn a yield to maturity, yield to first call, or yield to first par call the bond is assumed to be ______.
A. held to the next payment date
B. held to the respective maturity dates
C. held to the final maturity date
User Contributed Comments 2
| User | Comment |
|---|---|
| selinda | what is the difference between b and c? |
| czar | the maturity date for the calls can differ from the final maturity date. They can be called before based on their call schedules. Hope this helps |