题目 In the context of mortgage-backed securities, a conditional prepayment rate (CPR) of 8% means that approximately 8% of the outstanding mortgage pool balance at the beginning of the year is [...]
题目 The last payment in a partially amortizing residential mortgage loan is best referred to as a: 选项 A.waterfall. B.principal repayment. C.balloon payment. 答案 C 解析 ： C is correct. [...]
题目 In auto loan ABSs, the form of credit enhancement that most likely serves as the first line of loss protection is the: 选项 A.excess spread account. B.sequential pay structure. C.proceeds [...]
题目 A 10-year bond was issued four years ago. The bond is denominated in US dollars, offers a coupon rate of 10% with interest paid semi-annually, and is currently priced at 102% of par. The [...]
题目 A repurchase agreement is most comparable to a(n): 选项 A.interbank deposit. B.collateralized loan. C.negotiable certificate of deposit. 答案 B 解析 ： B is correct. A repurchase [...]
题目 Which of the following statements related to secondary bond markets is most accurate? 选项 A.Newly issued corporate bonds are issued in secondary bond markets. B.Secondary bond markets are [...]
题目 An analyst evaluates the following information relating to floating rate notes (FRNs) issued at par value that have 3-month Libor as a reference [...]
题目 A bond with 20 years remaining until maturity is currently trading for 111 per 100 of par value. The bond offers a 5% coupon rate with interest paid semiannually. The bond’s annual [...]
题目 The repo margin is: 选项 A.negotiated between counterparties. B.established independently of market-related conditions. C.structured on an agreement assuming equal credit risks to all [...]
题目 An investor considers the purchase of a 2-year bond with a 5% coupon rate, with interest paid annually. Assuming the sequence of spot rates shown below, the price of the bond is closest [...]
