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Basic Question 1 of 2
True or False? Given two option-free bonds, if their pathwise values are the same, then their cash flows are identical.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe pathwise valuation in a binomial interest rate framework and calculate the value of a fixed income instrument given its cash flows along each path;
CFA® 2025 Level II Curriculum, Volume 4, Module 27.