题目 When issuing debt, a company may use a sinking fund arrangement as a means of reducing: 选项 A.credit risk. B.inflation risk. C.interest rate risk. 答案 A 解析 : A is correct. A [...]
题目 A 365-day year bank certificate of deposit has an initial principal amount of USD 96.5 million and a redemption amount due at maturity of USD 100 million. The number of days between settlement [...]
题目 Which of the following is a source of wholesale funds for banks? 选项 A.Demand deposits B.Money market accounts C.Negotiable certificates of deposit 答案 C 解析 : C is correct. [...]
题目 Matrix pricing allows investors to estimate market discount rates and prices for bonds: 选项 A.with different coupon rates. B.that are not actively traded. C.with different credit quality. [...]
题目 A yield curve constructed from a sequence of yields-to-maturity on zero-coupon bonds is the: 选项 A.par curve. B.spot curve. C.forward curve. 答案 B 解析 : B is correct. The spot [...]
题目 The type of bond issued by a multilateral agency such as the International Monetary Fund (IMF) is best described as a: 选项 A.sovereign bond. B.supranational bond. C.quasi-government bond. [...]
题目 A company has issued a floating-rate note with a coupon rate equal to the three-month Libor + 65 basis points. Interest payments are made quarterly on 31 March, 30 June, 30 September, and 31 [...]
题目 A bond offers an annual coupon rate of 5%, with interest paid semiannually. The bond matures in seven years. At a market discount rate of 3%, the price of this bond per 100 of par value is [...]
题目 The distinction between investment grade debt and non-investment grade debt is best described by differences in: 选项 A.tax status. B.credit quality. C.maturity dates. 答案 B 解析 : B [...]
题目 Which of the following type of debt obligation most likely protects bondholders when the assets serving as collateral are non-performing? 选项 A.Covered bonds B.Collateral trust bonds [...]