爱考云 - 搜题找答案神器_海量试题解析在线查

题目 An issuer credit rating usually applies to a company’s: 选项 A.secured debt. B.subordinated debt. C.senior unsecured debt. 答案 C 解析 ： C is correct. An issuer credit rating usually [...]

题目 In order to determine the capacity of a company, it would be most appropriate to analyze the: 选项 A.company’s strategy. B.growth prospects of the industry. C.aggressiveness of the [...]

题目 Empirical duration is likely the best measure of the impact of yield changes on portfolio value, especially under stressed market conditions, for a portfolio consisting of: 选项 A.100% [...]

题目 Which of the following corporate debt instruments has the highest seniority ranking? 选项 A.Second lien B.Senior unsecured C.Senior subordinated 答案 A 解析 ： A is correct. Second lien [...]

题目 Which of the following sources of return is most likely exposed to interest rate risk for an investor of a fixed-rate bond who holds the bond until maturity? 选项 A.Capital gain or loss [...]

题目 In the event of default, the recovery rate of which of the following bonds would most likely be the highest? 选项 A.First mortgage debt B.Senior unsecured debt C.Junior subordinate debt [...]

题目 Credit spreads are most likely to widen: 选项 A.in a strengthening economy. B.as the credit cycle improves. C.in periods of heavy new issue supply and low borrower demand. 答案 C 解析 [...]

题目 When the investor’s investment horizon is less than the Macaulay duration of the bond she owns: 选项 A.the investor is hedged against interest rate risk. B.reinvestment risk dominates, and [...]

题目 The risk that a bond’s creditworthiness declines is best described by: 选项 A.credit migration risk. B.market liquidity risk. C.spread widening risk. 答案 A 解析 ： A is correct. [...]

题目 When determining the capacity of a borrower to service debt, a credit analyst should begin with an examination of: 选项 A.industry structure. B.industry fundamentals. C.company fundamentals. [...]