题目 Which type of sovereign bond has the lowest interest rate risk for an investor? 选项 A.Floaters B.Coupon bonds C.Discount bonds 答案 A 解析 ： A is correct. Floaters are bonds with a [...]
题目 The rate, interpreted to be the incremental return for extending the time-to-maturity of an investment for an additional time period, is the: 选项 A.add-on rate. B.forward rate. [...]
题目 A bond issued by a local government authority, typically without an explicit funding commitment from the national government, is most likely classified as a: 选项 A.sovereign bond. [...]
题目 Which of the following best describes a negative bond covenant? The issuer is: 选项 A.required to pay taxes as they come due. B.prohibited from investing in risky projects. C.required to [...]
题目 An investor in a country with an original issue discount tax provision purchases a 20-year zero-coupon bond at a deep discount to par value. The investor plans to hold the bond until the [...]
题目 Investors seeking some general protection against a poor economy are most likely to select a: 选项 A.deferred coupon bond. B.credit-linked coupon bond. C.payment-in-kind coupon bond. 答案 [...]
题目 Which of the following statements relating to commercial paper is most accurate? 选项 A.There is no secondary market for trading commercial paper. B.Only the strongest, highly rated [...]
题目 Relative to an otherwise similar option-free bond, a: 选项 A.putable bond will trade at a higher price. B.callable bond will trade at a higher price. C.convertible bond will trade at a lower [...]
题目 When classified by type of issuer, asset-backed securities are part of the: 选项 A.corporate sector. B.structured finance sector. C.government and government-related sector. 答案 B 解析 [...]
题目 An investor who owns a bond with a 9% coupon rate that pays interest semiannually and matures in three years is considering its sale. If the required rate of return on the bond is 11%, the [...]
