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Basic Question 6 of 7
Which model does not try to explain the observed yield curve?
B. The Vasicek model
C. The Ho-Lee model
A. The CIR model
B. The Vasicek model
C. The Ho-Lee model
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Your review questions and global ranking system were so helpful.

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Learning Outcome Statements
describe term structure models and how they are used.
CFA® 2025 Level II Curriculum, Volume 4, Module 27.