QUESTIONS 97 THROUGH 108 RELATE TO FIXED INCOME INVESTMENTS

104. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
104. Using the U.S. Treasury spot rates provided below, the arbitrage-free value of a 2-year Treasury, $100 par value bond with a 6% coupon rate is closest to: Period Years Spot Rate 1 0.5 1.60% 2 1.0 2.20% 3 1.5 2.70% 4 2.0 3.10% A. $99.75. B. $105.65. C. $107.03.