QUESTIONS 97 THROUGH 108 RELATE TO FIXED INCOME INVESTMENTS

104. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013 104. - MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
MOCK AND SAMPLE EXAMS CFA CFA LEVEL I MOCK EXAM AFTERNOON 2013
104. Which of the following is most likely a limitation of the yield-to-maturity measure? A. It does not reflect the timing of the cash flows. B. It assumes coupon payments can be invested at the yield to maturity. C. It does not consider the capital gain or loss the investor will realize by holding the bond to maturity.