题目 Compared with developed markets bonds, emerging markets bonds most likely: 选项 A.offer lower yields. B.exhibit higher risk. C.benefit from lower growth prospects. 答案 B 解析 ： B is [...]
题目 Sovereign bonds are best described as: 选项 A.bonds issued by local governments. B.secured obligations of a national government. C.bonds backed by the taxing authority of a national [...]
题目 A bond issued internationally, outside the jurisdiction of the country in whose currency the bond is denominated, is best described as a: 选项 A.Eurobond. B.foreign bond. C.municipal bond. [...]
题目 The legal contract that describes the form of the bond, the obligations of the issuer, and the rights of the bondholders can be best described as a bond’s: 选项 A.covenant. B.indenture. [...]
题目 An investment bank that underwrites a bond issue most likely: 选项 A.buys and resells the newly issued bonds to investors or dealers. B.acts as a broker and receives a commission for selling [...]
题目 Eurocommerical paper is most likely: 选项 A.negotiable. B.denominated in euro. C.issued on a discount basis. 答案 A 解析 ： A is correct. Commercial paper, whether US commercial paper [...]
题目 The yield spread of a specific bond over the standard swap rate in that currency of the same tenor is best described as the: 选项 A.I-spread. B.Z-spread. C.G-spread. 答案 A 解析 ： A is [...]
题目 If interest rates are expected to increase, the coupon payment structure most likely to benefit the issuer is a: 选项 A.step-up coupon. B.inflation-linked coupon. C.cap in a floating-rate [...]
题目 A liquid secondary bond market allows an investor to sell a bond at: 选项 A.the desired price. B.a price at least equal to the purchase price. C.a price close to the bond’s fair market [...]
题目 In major developed bond markets, newly issued sovereign bonds are most often sold to the public via a(n): 选项 A.auction. B.private placement. C.best efforts offering. 答案 A 解析 ： A [...]
