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Basic Question 3 of 4
The value of a bond that has both a cap provision and put provision is ______ the value of an otherwise similar straight bond.
B. lower than or equal to
C. lower than, higher than or equal to
A. higher than or equal to
B. lower than or equal to
C. lower than, higher than or equal to
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
calculate the value of a capped or floored floating-rate bond;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.