题目 A bond market in which a communications network matches buy and sell orders initiated from various locations is best described as an: 选项 A.organized exchange. B.open market operation. [...]
题目 A bond with two years remaining until maturity offers a 3% coupon rate with interest paid annually. At a market discount rate of 4%, the price of this bond per 100 of par value is closest to: [...]
题目 Which of the following provisions is a benefit to the issuer? 选项 A.Put provision B.Call provision C.Conversion provision 答案 B 解析 : B is correct. A call provision (callable bond) [...]
题目 Suppose a bond's price is expected to increase by 5% if its market discount rate decreases by 100 basis points. If the bond’s market discount rate increases by 100 basis points, the bond [...]
题目 In most countries, the bond market sector with the smallest amount of bonds outstanding is most likely the: 选项 A.government sector. B.financial corporate sector. C.non-financial corporate [...]
题目 Bond dealers most often quote the: 选项 A.flat price. B.full price. C.full price plus accrued interest. 答案 A 解析 : A is correct. Bond dealers usually quote the flat price. When a [...]
题目 Which type of sovereign bond has the lowest interest rate risk for an investor? 选项 A.Floaters B.Coupon bonds C.Discount bonds 答案 A 解析 : A is correct. Floaters are bonds with a [...]
题目 The rate, interpreted to be the incremental return for extending the time-to-maturity of an investment for an additional time period, is the: 选项 A.add-on rate. B.forward rate. [...]
题目 A bond issued by a local government authority, typically without an explicit funding commitment from the national government, is most likely classified as a: 选项 A.sovereign bond. [...]
题目 Which of the following best describes a negative bond covenant? The issuer is: 选项 A.required to pay taxes as they come due. B.prohibited from investing in risky projects. C.required to [...]