The fixed rate that equates PV of fixed and floating legs

The floating rate paid in a swap

The government yield minus credit spread

The CDS spread minus bond spread

Free CFA Fixed Income Practice Questions & Answers

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Question 61

A bull flattening occurs when

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Question 62

Floating-Rate Structures A floored FRN benefits the investor when

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Question 63

A capped FRN limits

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Question 64

Swap Curve The swap spread is

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Question 65

Bootstrapping Bootstrapping spot rates requires

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Question 66

Monte Carlo Simulation Monte Carlo valuation is required when

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Question 67

The Fisher equation links nominal and real rates as:

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Question 68

The forward price of a zero-coupon bond is computed using:

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Question 69

The yield spread decomposition for corporate bonds includes:

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Question 70

The effective annual yield (EAY) is calculated from a periodic rate as:

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Question 71

The bond equivalent yield (BEY) is used primarily for:

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Question 72

The discount margin of a floating-rate note measures:

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Question 73

The yield curve’s curvature factor primarily reflects:

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Question 74

The term structure of volatility refers to:

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Question 75

The swap rate is:

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Question 76

The swap spread equals:

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Question 77

The repo rate is best described as:

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Question 78

The haircut in a repo transaction represents:

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Question 79

The yield-to-call (YTC) assumes:

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Question 80

The yield-to-put (YTP) assumes:

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Question 81

The market conversion price of a convertible bond equals:

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Question 82

The conversion value equals:

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Question 83

The market conversion premium equals:

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Question 84

The term premium compensates investors for:

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Question 85

The formula for the full (dirty) price of a bond is:

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Question 86

Accrued interest for a coupon bond is calculated as:

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Question 87

The forward rate between years m and n is computed as:

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Question 88

The discount factor for maturity t is:

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Question 89

The spot rate bootstrapping formula for a 2‑year par bond is:

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Question 90

The yield-to-maturity (YTM) solves:

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Free CFA Fixed Income Practice Questions & Answers

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