【每日一练】CFA 一级（2015年）

Question：

A two-year spot rate of 5% is most likely the:
A. yield to maturity on a zero-coupon bond maturing at the end of Year 2. 
B. yield to maturity on a coupon-paying bond maturing at the end of Year 2. 
C. coupon rate in Year 2 on a coupon-paying bond maturing at the end of Year 4. 

Answer = A 
A spot rate is defined as the yield to maturity on a zero-coupon bond maturing at the date of that cash  flow. 

CFA Level I 
"Introduction to Fixed-Income Valuation," James F. Adams and Donald J. Smith 
Section 2.4 
 

更多精彩：

2016年6月CFA报名开始及具体报名流程（第一阶段截止至9月23日）

CFA考试介绍及难度

工作后适合考CFA吗？在职如何备战CFA考试？