题目 In order to analyze the collateral of a company a credit analyst should assess the: 选项 A.cash flows of the company. B.soundness of management’s strategy. C.value of the company’s [...]
题目 During bankruptcy proceedings of a firm, the priority of claims was not strictly adhered to. Which of the following is the least likely explanation for this outcome? 选项 A.Senior creditors [...]
题目 The rating agency process whereby the credit ratings on issues are moved up or down from the issuer rating best describes: 选项 A.notching. B.pari passu ranking. C.cross-default provisions. [...]
题目 A senior unsecured credit instrument holds a higher priority of claims than one ranked as: 选项 A.mortgage debt. B.second lien loan. C.senior subordinated. 答案 C 解析 ： C is correct. [...]
题目 The process of moving credit ratings of different issues up or down from the issuer rating in response to different payment priorities is best described as: 选项 A.notching. B.structural [...]
题目 Which of the following statements about duration is correct? A bond’s: 选项 A.effective duration is a measure of yield duration. B.modified duration is a measure of curve duration. [...]
题目 In the event of default, which of the following is most likely to have the highest recovery rate? 选项 A.Second lien B.Senior unsecured C.Senior subordinated 答案 A 解析 ： A is [...]
题目 Which of the following statements relating to yield volatility is most accurate? If the term structure of yield volatility is downward sloping, then: 选项 A.short-term rates are higher than [...]
题目 Which of the following statements about Macaulay duration is correct? 选项 A.A bond’s coupon rate and Macaulay duration are positively related. B.A bond’s Macaulay duration is inversely [...]
题目 Which of the following accounting issues should mostly likely be considered a character warning flag in credit analysis? 选项 A.Expensing items immediately B.Changing auditors infrequently [...]
