题目 The following information is from the annual report of Adidas AG for December 2010: Depreciation and amortization: €249 million Total assets: €10,618 million Total debt: €1,613 million [...]
题目 Holding all other factors constant, the most likely effect of low demand and heavy new issue supply on bond yield spreads is that yield spreads will: 选项 A.widen. B.tighten. C.not be [...]
题目 An investor buys a 6% annual payment bond with three years to maturity. The bond has a yield-to-maturity of 8% and is currently priced at 94.845806 per 100 of par. The bond’s Macaulay [...]
题目 The factor considered by rating agencies when a corporation has debt at both its parent holding company and operating subsidiaries is best referred to as: 选项 A.credit migration risk. [...]
题目 The notching adjustment for corporate bonds rated Aa2/AA is most likely: 选项 A.larger than the notching adjustment for corporate bonds rated B2\/B. B.the same as the notching adjustment for [...]
题目 Stedsmart Ltd and Fignermo Ltd are alike with respect to financial and operating characteristics, except that Stedsmart Ltd has less publicly traded debt outstanding than Fignermo Ltd. [...]
题目 A bond has an annual modified duration of 7.020 and annual convexity of 65.180. If the bond’s yield-to-maturity decreases by 25 basis points, the expected percentage price change is closest [...]
题目 Among the Four Cs of credit analysis, the recognition of revenue prematurely most likely reflects a company’s: 选项 A.character. B.covenants. C.collateral. 答案 A 解析 ： A is [...]
