Question: For bonds that are option - free, the arbitrage - free value is simply: A . the present value of expected future cash flows using

For bonds that are option-free, the arbitrage-free value is simply:
A. the present value of expected future cash flows using the benchmark spot rates
B. the present value of expected future cash flows using the yield to maturity
C. the present value of a treasury bill of similar denomination
Answer: A
For bonds that are option - free, the arbitrage -

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