题目 An investment bank that underwrites a bond issue most likely: 选项 A.buys and resells the newly issued bonds to investors or dealers. B.acts as a broker and receives a commission for selling [...]
题目 Eurocommerical paper is most likely: 选项 A.negotiable. B.denominated in euro. C.issued on a discount basis. 答案 A 解析 : A is correct. Commercial paper, whether US commercial paper [...]
题目 The yield spread of a specific bond over the standard swap rate in that currency of the same tenor is best described as the: 选项 A.I-spread. B.Z-spread. C.G-spread. 答案 A 解析 : A is [...]
题目 If interest rates are expected to increase, the coupon payment structure most likely to benefit the issuer is a: 选项 A.step-up coupon. B.inflation-linked coupon. C.cap in a floating-rate [...]
题目 A liquid secondary bond market allows an investor to sell a bond at: 选项 A.the desired price. B.a price at least equal to the purchase price. C.a price close to the bond’s fair market [...]
题目 In major developed bond markets, newly issued sovereign bonds are most often sold to the public via a(n): 选项 A.auction. B.private placement. C.best efforts offering. 答案 A 解析 : A [...]
题目 A5-year, 5% semiannual coupon payment corporate bond is priced at 104.967 per100 of par value. The bond’s yield-to-maturity, quoted on a semiannual bondbasis, is 3.897%. An analyst has been [...]
题目 Which type of call bond option offers the greatest flexibility as to when the issuer can exercise the option? 选项 A.A Bermuda call B.A European call C.An American call 答案 C 解析 : C [...]
题目 The following information relates to Question below:「huixue_img/importSubject/1564548167314313216.png」Both bonds pay interest annually. The current three-year EUR interest rate swap [...]
题目 A mechanism by which an issuer may be able to offer additional bonds to the general public without preparing a new and separate offering circular best describes: 选项 A.the grey market. B.a [...]