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题目 When underwriting new corporate bonds, matrix pricing is used to get an estimate of the: 选项 A.required yield spread over the benchmark rate. B.market discount rate of other comparable [...]

题目 A bond that is characterized by a fixed periodic payment schedule that reduces the bond’s outstanding principal amount to zero by the maturity date is best described as a: 选项 A.bullet [...]

题目 The benefit to the issuer of a deferred coupon bond is most likely related to: 选项 A.tax management. B.cash flow management. C.original issue discount price. 答案 B 解析 ： B is [...]

题目 Which of the following best describes a convertible bond’s conversion premium? 选项 A.Bond price minus conversion value B.Par value divided by conversion price C.Current share price [...]

题目 The potential benefits of allocating a portion of a portfolio to alternative investments include: 选项 A.ease of manager selection. B.improvement in the portfolio’s risk–return [...]

题目 The first stage of financing at which a venture capital fund most likely invests is the: 选项 A.seed stage. B.mezzanine stage. C.angel investing stage. 答案 A 解析 A is correct. The seed [...]

题目 The Sharpe ratio is a less-than-ideal performance measure for alternative investments because: 选项 A.it uses a semi-deviation measure of volatility. B.returns of alternative assets are not [...]

题目 What is the most significant drawback of a repeat sales index to measure returns to real estate? 选项 A.Sample selection bias B.Understatement of volatility C.Reliance on subjective [...]

题目 An investor in a private equity fund is concerned that the general partner can receive incentive fees in excess of the agreed-on incentive fees by making distributions over time based on [...]

题目 An investor chooses to invest in a brownfield rather than a greenfield infrastructure project. The investor is most likely motivated by: 选项 A.growth opportunities. B.predictable cash [...]