Chartered Financial Analyst Level 2
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In a zero interest rate volatility environment, the OAS reconciles the market price of a bond to its arbitrage-free value when a constant spread is added to all of the 1-year:
In a zero interest rate volatility environment, the OAS reconciles the market price of a bond to its arbitrage-free value when a constant spread is added to all of the 1-year:
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A
par rates.
B
spot rates.
C
forward rates.
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