题目 Which OTC derivatives class has the LARGEST amount of gross notional outstanding? 选项 A.Equity derivatives B.Credit default swaps C.Interest rate derivatives D.Foreign exchange derivatives [...]
题目 Each of the following is true about the corporate trustee in a corporate bond issuance EXCEPT: 选项 A.The trustee is paid by bondholders B.The trustee acts in a fiduciary capacity for [...]
题目 The price of a $100 par zero-coupon bond with four (4) years to maturity is $88.00. The price of a $100 par zero-coupon bond with five (5) years to maturity is $82.00. Under continuous [...]
题目 Consider a 7.8% semi-annual coupon bond with a par value of $100 and four remaining coupons, which is trading at a yield of 8.375%. There are 74 days remaining in the current period that has a [...]
题目 An individual that maintains bid and offer prices in a given security and stands ready to buy or sell lots of said security is: 选项 A.a hedger B.an arbitrageur C.a speculator D.a market [...]
题目 The highest price a dealer is willing to pay to purchase a security is the: 选项 A.exercise price. B.offer price. C.strike price. D.bid price. 答案 D 解析 The bid price is the highest [...]
题目 Which of the following risks facing a central counterparty (CCP) is most likely to be introduced during a market crisis? 选项 A.Default risk. B.Liquidity risk. C.Operational risk. [...]
题目 Regarding an exchange trading system, which of the following statements is an advantage? On an exchange system: 选项 A.Terms are not specified. B.Trades are made in such a way as to reduce [...]
题目 If French money market instrument pays in Euros with an interest rate of 5.0% per annum with (discrete) annual compounding and under an actual/360-day count (ACT/360) convention, what is the [...]
题目 The Treasury bond futures contract allows the party with the short position to choose to deliver any bond that has a maturity between 15 and 25 years. Assume a certain bond that is valid for [...]