题目 For the issuer, a sinking fund arrangement is most similar to a: 选项 A.term maturity structure. B.serial maturity structure. C.bondholder put provision. 答案 B 解析 ： B is correct. [...]
题目 With respect to floating-rate bonds, a reference rate (such as MRR) is most likely used to determine the bond’s: 选项 A.spread. B.coupon rate. C.frequency of coupon payments. 答案 B [...]
题目 Which of the following is a type of external credit enhancement? 选项 A.Covenants B.A surety bond C.Overcollaterization 答案 B 解析 ： B is correct. A surety bond is an external credit [...]
题目 A South African company issues bonds denominated in pound sterling that are sold to investors in the United Kingdom. These bonds can be best described as: 选项 A.Eurobonds. B.global bonds. [...]
题目 A bond market in which a communications network matches buy and sell orders initiated from various locations is best described as an: 选项 A.organized exchange. B.open market operation. [...]
题目 A bond with two years remaining until maturity offers a 3% coupon rate with interest paid annually. At a market discount rate of 4%, the price of this bond per 100 of par value is closest to: [...]
题目 Which of the following provisions is a benefit to the issuer? 选项 A.Put provision B.Call provision C.Conversion provision 答案 B 解析 ： B is correct. A call provision (callable bond) [...]
题目 Suppose a bond's price is expected to increase by 5% if its market discount rate decreases by 100 basis points. If the bond’s market discount rate increases by 100 basis points, the bond [...]
题目 In most countries, the bond market sector with the smallest amount of bonds outstanding is most likely the: 选项 A.government sector. B.financial corporate sector. C.non-financial corporate [...]
题目 Bond dealers most often quote the: 选项 A.flat price. B.full price. C.full price plus accrued interest. 答案 A 解析 ： A is correct. Bond dealers usually quote the flat price. When a [...]
