题目 A multinational corporation is considering issuing a fixed-rate bond. However, by using interest swaps and floating rate notes, the issuer can achieve the same objective. To do so, the issuer [...]
题目 Assume an investor receives euro in exchange for paying yen in a currency swap. What are the conditions for the swap to be in-the-money? I.The value of yen falls II.The value of yen rises [...]
题目 The table below shows quoted fixed borrowing rates (adjusted for taxes) in two different currencies for two different firms:「huixue_img/importSubject/1564169525715406848.png」Which of the [...]
题目 Below is an extract from a mortality table (ages 30 to 34 for males and females):「huixue_img/importSubject/1564169525644103680.png」Suppose a woman aged 30 years old buys a $1.0 million [...]
题目 A large publicly held company refines crude oil into gasoline and sells gasoline wholesale with long-term contracts at fixed prices. The firm also owns the land, with full rights, from which [...]
题目 In an interest rate swap with semiannual payments, StreetBase Bank has agreed to pay a fixed rate of 4.0% per annum with semiannual compounding and receive six-month LIBOR on a notional of USD [...]
题目 Which of the following is most likely to exhibit a dollar value of an 01 (DV01) that is negative? 选项 A.Principal-only (PO) at high yields B.Interest-only (IO) strip at low yields [...]
题目 Consider two firms, Reliable Corp and Dubious Corp. Reliable Corp has a strong balance sheet and repayment history; it can borrow 5.0% in fixed-rate loan markets or, in floating-rate markets [...]
题目 Which one of the choices below would properly transform a floating-rate liability to a fixed-rate liability? 选项 A.Enter into a pay foreign currency swap B.Enter into a pay fixed interest [...]
题目 Two companies, C and D, have the borrowing rates shown in the following table.「huixue_img/importSubject/1564169525501497344.png」According to the comparative advantage argument, what is the [...]
