题目 A company has issued a floating-rate note with a coupon rate equal to the three-month Libor + 65 basis points. Interest payments are made quarterly on 31 March, 30 June, 30 September, and 31 [...]
题目 A bond offers an annual coupon rate of 5%, with interest paid semiannually. The bond matures in seven years. At a market discount rate of 3%, the price of this bond per 100 of par value is [...]
题目 The distinction between investment grade debt and non-investment grade debt is best described by differences in: 选项 A.tax status. B.credit quality. C.maturity dates. 答案 B 解析 ： B [...]
题目 Which of the following type of debt obligation most likely protects bondholders when the assets serving as collateral are non-performing? 选项 A.Covered bonds B.Collateral trust bonds [...]
题目 The annual yield-to-maturity, stated for with a periodicity of 12, for a 4-year, zero-coupon bond priced at 75 per 100 of par value is closest to: 选项 A.6.25%. B.7.21%. C.7.46%. 答案 B [...]
题目 An option-adjusted spread (OAS) on a callable bond is the Z-spread: 选项 A.over the benchmark spot curve. B.minus the standard swap rate in that currency of the same tenor. C.minus the value [...]
题目 Which type of bond most likely earns interest on an implied basis? 选项 A.Floater B.Conventional bond C.Pure discount bond 答案 C 解析 ： C is correct. A zero-coupon, or pure discount, [...]
题目 Which factor is associated with a more favorable quality sovereign bond credit rating? 选项 A.Issued in local currency, only B.Strong domestic savings base, only C.Issued in local currency [...]
题目 A 3-year bond offers a 10% coupon rate with interest paid annually. Assuming the following sequence of spot rates, the price of the bond is closest [...]
题目 Investors who believe that interest rates will rise most likely prefer to invest in: 选项 A.inverse floaters. B.fixed-rate bonds. C.floating-rate notes. 答案 C 解析 ： C is correct. In [...]
