The Following Information Relates to Questions 49-57liz Tyo Is a Fund

question 11

Multiple Choice

The following information relates to Questions 49-57liz Tyo is a fund manager for an actively managed global fixed-income fund that buys bonds
issued in Countries A, b, and
-did Tyo's assistant accurately describe the process of bootstrapping?

• A) yes.
• B) no, with respect to par yields.
• C) no, with respect to backward substitution.

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