题目 When we calculate the kurtosis, what is the power of the kurtosis? 选项 A.2. B.3. C.4. 答案 C 解析 Sample kurtosis is measured using deviations raised to the fourth [...]
题目 Consider the following 20 items listed in ascending order:「huixue_img/importSubject/1564548695985360896.png」The median value of the items is closest to: 选项 A.4. B.5. C.3. 答案 A [...]
题目 Which industry characteristic most likely has a positive effect on a company’s ability to service debt? 选项 A.Low barriers to entry in the industry B.High number of suppliers to the [...]
题目 The “second-order” effect on a bond’s percentage price change given a change in yield-to-maturity can be best described as: 选项 A.duration. B.convexity. C.yield volatility. 答案 B [...]
题目 Funds from operations (FFO) of Pay Handle Ltd (a fictitious company) increased in 20X1. In 20X1 the total debt of the company remained unchanged, while additional common shares were issued. [...]
题目 The priority of claims for senior subordinated debt is: 选项 A.lower than for senior unsecured debt. B.the same as for senior unsecured debt. C.higher than for senior unsecured debt. 答案 [...]
题目 In contrast to high-yield credit analysis, investment-grade analysis is more likely to rely on: 选项 A.spread risk. B.an assessment of bank credit facilities. C.matching of liquidity sources [...]
题目 In a bankruptcy proceeding, when the absolute priority of claims is enforced: 选项 A.senior subordinated creditors rank above second lien holders. B.preferred equity shareholders rank above [...]
题目 Which of the following statements about credit ratings is most accurate? 选项 A.Credit ratings can migrate over time. B.Changes in bond credit ratings precede changes in bond prices. [...]
