题目 The annual yield-to-maturity, stated for with a periodicity of 12, for a 4-year, zero-coupon bond priced at 75 per 100 of par value is closest to: 选项 A.6.25%. B.7.21%. C.7.46%. 答案 B [...]
题目 An option-adjusted spread (OAS) on a callable bond is the Z-spread: 选项 A.over the benchmark spot curve. B.minus the standard swap rate in that currency of the same tenor. C.minus the value [...]
题目 Which type of bond most likely earns interest on an implied basis? 选项 A.Floater B.Conventional bond C.Pure discount bond 答案 C 解析 : C is correct. A zero-coupon, or pure discount, [...]
题目 Which factor is associated with a more favorable quality sovereign bond credit rating? 选项 A.Issued in local currency, only B.Strong domestic savings base, only C.Issued in local currency [...]
题目 A 3-year bond offers a 10% coupon rate with interest paid annually. Assuming the following sequence of spot rates, the price of the bond is closest [...]
题目 Investors who believe that interest rates will rise most likely prefer to invest in: 选项 A.inverse floaters. B.fixed-rate bonds. C.floating-rate notes. 答案 C 解析 : C is correct. In [...]
题目 A five-year bond has the following cash flows:「huixue_img/importSubject/1564548169201750016.png」The bond can best be described as a: 选项 A.bullet bond. B.fully amortized bond. [...]
题目 A 10-year, capital-indexed bond linked to the Consumer Price Index (CPI) is issued with a coupon rate of 6% and a par value of 1,000. The bond pays interest semi-annually. During the first six [...]
题目 A two-year floating-rate note pays 6-month Libor plus 80 basis points. The floater is priced at 97 per 100 of par value. Current 6-month Libor is 1.00%. Assume a 30/360 day-count convention [...]
题目 Contrary to positive bond covenant, negative covenants are most likely: 选项 A.costlier. B.legally enforceable. C.enacted at time of issue. 答案 A 解析 :A is correct. Affirmative [...]