固定收益习题
MODULE QUIZ50.1
To best evaluate your performance,enter your quiz answers online.惯性是什么
1.A dual-currency bond pays coupon interest in a currency:
A.of the bondholder’s choice.
2.A bond’s indenture:
B.is the same as a debenture.
江东什么成语C.relates only to its interest and principal payments.
3.A clau in a bond indenture that requires the borrower to perform a certain action is most accurately described as:
A.a trust deed.
B.a negative covenant.
C.an affirmative covenant.
4.An investor buys a pure-discount bond,holds it to maturity,and receives its par value.For tax purpos, the increa in the bond’s value is most likely to be treated as:
A.a capital gain.
B.interest income.
C.tax-exempt income.
MODULE QUIZ50.2
To best evaluate your performance,enter your quiz answers online.
1.A10-year bond pays no interest for three years,then pays$229.25,followed by payments of$35miannually for ven years,and an additional$1,000at maturity.This bond is:
A.a step-up bond.
B.a zero-coupon bond.
C.a deferred-coupon bond.
2.Which of the following statements is most accurate with regard to floating-rate issues that have caps and floors?
A.A cap is an advantage to the bondholder,while a floor is an advantage to
也先帖木儿the issuer.
B.A floor is an advantage to the bondholder,while a cap is an advantage to
the issuer.
C.A floor is an advantage to both the issuer and the
bondholder,while a cap
is a disadvantage to both the issuer and the bondholder. 3.Which of the following most accurately describes the maximum price for a currently callable bond?
A.Its par value.
B.The call price.
C.The prent value of its par value.
MODULE QUIZ51.1
To best evaluate your performance,enter your quiz answers online.
1.An analyst who describes a fixed-income curity as being a structured finance instrument is classifying the curity by:
爱需要全心全意
C.taxable status.
2.LIBOR rates are determined:
A.by countries’central banks.拔丝土豆怎么做
B.by money market regulators.
C.in the interbank lending market.
3.In which type of primary market transaction does an investment bank ll bonds on a commission basis?
A.Single-price auction.
B.Best-efforts offering.
C.Underwritten offering.
4.Secondary market bond transactions most likely take place:
A.in dealer markets.
B.in brokered markets.
< organized exchanges.
5.Sovereign bonds are described as on-the-run when they:
A.are the most recent issue in a specific maturity.
B.have incread substantially in price since they were issued.
6.Bonds issued by the World Bank would most likely be:
A.quasi-government bonds.
B.global bonds.
C.supranational bonds.
MODULE QUIZ51.2
To best evaluate your performance,enter your quiz answers online.
1.With which of the following features of a corporate
bond issue does an investor most likely face the risk of redemption prior to maturity?
A.Serial bonds.
B.Sinking fund.
C.Term maturity structure.
2.A financial instrument is structured such that cash flows to the curity holder increa if a specified reference rate increas.This structured financial instrument is best described as:
留学者指南
A.a participation instrument.
B.a capital protected instrument.
C.a yield enhancement instrument.
银鱼汤的做法
3.Smith Bank lends Johnson Bank excess rerves on deposit with the central bank for a period of three months. Is this transaction said to occur in the interbank market?
A.Yes.笔记本触摸板没反应
B.No,becau the interbank market refers to loans for more than one year.
C.No,becau the interbank market does not include rerves at the central bank.
4.In a repurcha agreement,the percentage difference between the repurcha price and the amount borrowed is
