THE BOND-EQUIVALENT YIELD FOR A SEMI-ANNUAL PAY BOND IS MOST LIKEL...

31. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014

31. The bond-equivalent yield for a semi-annual pay bond is most likely:

A. equal to the effective annual yield .

B.

more than the effective annual yield.

C. equal to double the semi-annual yield to maturity.